ZOOM COMMUNICATIONS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ZM
ISIN:

ZOOM COMMUNICATIONS INC. - Daily - Technical analysis published on 01/07/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Neutral

Technical indicators

78%

22%

My opinion

Bullish above 68.19 USD

My targets

75.16 USD (+6.88%)

84.90 USD (+20.73%)

My analysis

The current short-term bullish acceleration on ZOOM VIDEO COMMUNICATIONS INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 68.19 USD. Short-term buyers will use the resistance located at 75.16 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 84.90 USD. Crossing this resistance would then open the door for buyers to target 89.87 USD. Caution, if there is a return to under 68.19 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

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

3.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ZOOM VIDEO COMMUNICATIONS INC. price is 70.32 USD. The price has increased by +4.52% since the last closing with the lowest point at 65.81 USD and the highest point at 70.50 USD. The deviation from the price is +6.85% for the low point and -0.26% for the high point.

65.81

70.50

70.32

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of ZOOM VIDEO COMMUNICATIONS INC. in Daily shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Black evening star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	62.25	70.28	70.32	75.16	84.90	89.87
Change (%)	-11.48%	-0.06%	-	+6.88%	+20.73%	+27.80%
Change	-8.07	-0.04	-	+4.84	+14.58	+19.55
Level	Major	Intermediate	-	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	65.11	66.11	66.69	67.69	68.27	69.27	69.85
Camarilla	66.85	66.99	67.14	67.28	67.43	67.57	67.72
Woodie	64.91	66.01	66.49	67.59	68.07	69.17	69.65
Fibonacci	66.11	66.71	67.08	67.69	68.29	68.66	69.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.74	63.63	65.46	67.35	69.17	71.06	72.89
Camarilla	66.26	66.60	66.94	67.28	67.62	67.96	68.30
Woodie	61.71	63.61	65.42	67.33	69.14	71.04	72.85
Fibonacci	63.63	65.05	65.93	67.35	68.76	69.64	71.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.39	55.71	61.87	68.19	74.35	80.67	86.83
Camarilla	64.61	65.75	66.90	68.04	69.18	70.33	71.47
Woodie	49.32	55.67	61.80	68.15	74.28	80.63	86.76
Fibonacci	55.71	60.47	63.42	68.19	72.95	75.90	80.67

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.23
MACD (12,26,9):	-0.0600
Directional Movement:	4.67
AROON (14):	100.00
DEMA (21):	67.29
Parabolic SAR (0,02-0,02-0,2):	64.36
Elder Ray (13):	0.48
Super Trend (3,10):	71.77
Zig ZAG (10):	70.32
VORTEX (21):	1.0000
Stochastique (14,3,5):	87.75
TEMA (21):	68.07
Williams %R (14):	-2.52
Chande Momentum Oscillator (20):	4.15
Repulse (5,40,3):	7.6000
ROCnROLL:	1
TRIX (15,9):	-0.1200
Courbe Coppock:	9.13

MA7:	67.89
MA20:	66.29
MA50:	68.19
MA100:	74.61
MAexp7:	68.15
MAexp20:	67.63
MAexp50:	69.28
MAexp100:	72.72
Price / MA7:	+3.58%
Price / MA20:	+6.08%
Price / MA50:	+3.12%
Price / MA100:	-5.75%
Price / MAexp7:	+3.18%
Price / MAexp20:	+3.98%
Price / MAexp50:	+1.50%
Price / MAexp100:	-3.30%

This member declared not having a position on this financial instrument or a related financial instrument.

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