ZOOM COMMUNICATIONS INC. - 1H - Technical analysis published on 05/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 89.96 USD
My targets
95.17 USD (+1.07%)
101.66 USD (+7.97%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ZOOM VIDEO COMMUNICATIONS INC.. This is a positive signal for buyers. As long as the price remains above 89.96 USD, a purchase could be considered. The first bullish objective is located at 95.17 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 101.66 USD as an objective. Crossing it would then enable buyers to target 109.34 USD. In the event of a return below 89.96 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by Damien00121. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ZOOM VIDEO COMMUNICATIONS INC. rating is 94.16 USD. The price has increased by +5.41% since the last closing with the lowest point at 87.33 USD and the highest point at 97.09 USD. The deviation from the price is +7.82% for the low point and -3.02% for the high point.87.33
97.09
94.16
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ZOOM VIDEO COMMUNICATIONS INC.:
Technical
Technical analysis of ZOOM VIDEO COMMUNICATIONS INC. in 1H shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.03 | 85.57 | 89.96 | 94.16 | 95.17 | 109.34 | 115.82 |
| Change (%) | -16.07% | -9.12% | -4.46% | - | +1.07% | +16.12% | +23.00% |
| Change | -15.13 | -8.59 | -4.20 | - | +1.01 | +15.18 | +21.66 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.84 | 83.70 | 86.52 | 88.38 | 91.20 | 93.06 | 95.88 |
| Camarilla | 88.04 | 88.47 | 88.90 | 89.33 | 89.76 | 90.19 | 90.62 |
| Woodie | 82.31 | 83.94 | 86.99 | 88.62 | 91.67 | 93.30 | 96.35 |
| Fibonacci | 83.70 | 85.49 | 86.60 | 88.38 | 90.17 | 91.28 | 93.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.12 | 78.08 | 83.91 | 89.87 | 95.70 | 101.66 | 107.49 |
| Camarilla | 86.50 | 87.58 | 88.66 | 89.74 | 90.82 | 91.90 | 92.98 |
| Woodie | 72.06 | 78.05 | 83.85 | 89.84 | 95.64 | 101.63 | 107.43 |
| Fibonacci | 78.08 | 82.58 | 85.37 | 89.87 | 94.37 | 97.16 | 101.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.33 | 76.52 | 88.05 | 107.24 | 118.77 | 137.96 | 149.49 |
| Camarilla | 91.12 | 93.94 | 96.75 | 99.57 | 102.39 | 105.20 | 108.02 |
| Woodie | 53.49 | 74.61 | 84.21 | 105.33 | 114.93 | 136.05 | 145.65 |
| Fibonacci | 76.52 | 88.26 | 95.51 | 107.24 | 118.98 | 126.23 | 137.96 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.43 | |
| MACD (12,26,9): | 1.0400 | |
| Directional Movement: | 16.56 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 91.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.59 | |
| Elder Ray (13): | 2.99 | |
| Super Trend (3,10): | 86.04 | |
| Zig ZAG (10): | 93.27 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 81.40 | |
| TEMA (21): | 92.76 | |
| Williams %R (14): | -30.73 | |
| Chande Momentum Oscillator (20): | 3.78 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 7.05 |
| MA7: | 89.78 | |
| MA20: | 94.50 | |
| MA50: | 105.22 | |
| MA100: | 123.75 | |
| MAexp7: | 92.48 | |
| MAexp20: | 90.55 | |
| MAexp50: | 90.30 | |
| MAexp100: | 92.47 | |
| Price / MA7: | +4.88% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -10.51% | |
| Price / MA100: | -23.91% | |
| Price / MAexp7: | +1.82% | |
| Price / MAexp20: | +3.99% | |
| Price / MAexp50: | +4.27% | |
| Price / MAexp100: | +1.83% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on ZOOM VIDEO COMMUNICATIONS INC. at the time of the analysis were as follows:
- Zoom Video Communications Reports Financial Results for the First Quarter of Fiscal Year 2023
- Zoom Announces Funding for Youth Mental Health Leaders at MTV Entertainment’s Mental Health Youth Action Forum
- Zoom Drives Contact Center Expansion with Acquisition of Solvvy
- Zoom to Release Financial Results for the First Quarter of Fiscal Year 2023
- Zoom Announces Latest Certifications and Innovations for Enhanced Platform Security
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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