ZSCALER INC (ZS) Stock Technical Analysis
NASDAQ:ZS - Nasdaq - US98980G1022 - Common Stock - Currency: USD
Taking everything into account, ZS scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ZS is one of the better performing stocks in the market, outperforming 84% of all stocks.
ZS is one of the better performing stocks in the Software industry, it outperforms 78% of 283 stocks in the same industry.
ZS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZS is lagging the market slightly.
ZS has an average volume of 1880960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ZS has a been trading in the 265.88 - 293.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ZS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 269.69, a Stop Loss order could be placed below this zone.
More info and screens
184.73
296.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 269.69 to 269.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @186.60 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 275.38 to 280.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 290.07 to 293.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ZS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZS is neutral. |
| ChartMill Relative Strength | 84.77 | POSITIVE | ZS has a high relative strength, it outperformed 84.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.07 | NEUTRAL | The RSI value for ZS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ZS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.68 | NEUTRAL | The Stochastics value for ZS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ZS suggests some volalility. |
| Average Directional Index/ADX (14) | 30.15 | POSITIVE | The high ADX value value for ZS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 280.42 | 269.68 | 10.74 (3.83%) | 25.00% |
| An entry @280.42. This is a Buy Stop order right above the resistance zone. | An exit @269.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.74 points, which is 3.83%. | For a 0.96% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ZS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
274.92
-2.11 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.76%
1 Week-0.19%
2 Weeks-2.5%
1 Month-3.78%
3 Month8.19%
6 Month38.46%
12 Month37.85%
2 Year76.17%
3 Year72.65%
5 Year91.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.53
ATR(20)%2.82%
ATR Inc-30.62%
Range Today8.64
ADR(20)7.6
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.77
Mansfield1.44
10 Day High291.07
10 Day Low265.88
20 Day High293.63
20 Day Low265.88
52 Week High318.46
52 Week Low153.45
CS1 End269.69
CR1 Start275.38
Volume & EV
DER(3)1.14%
DER(5)0.87%
Volume1.15M
Volume Incr-34.73%
Vol(5)1.05M
Vol(50)1.88M