ZYNGA INC.

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Type:	Stocks
Ticker:	ZNGA
ISIN:

ZYNGA INC. - Daily - Technical analysis published on 07/15/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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ZYNGA INC. Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 5.84 USD

My targets

6.49 USD (+2.37%)

My analysis

ZYNGA INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.84 USD. The next resistance located at 6.49 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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 Vincent Launay.

Additional analysis

Quotes

The ZYNGA INC. rating is 6.34 USD. The price registered an increase of +1.12% on the session and was between 6.28 USD and 6.38 USD. This implies that the price is at +0.96% from its lowest and at -0.63% from its highest.

6.28

6.38

6.34

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ZYNGA INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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 : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	4.36	5.23	5.84	6.34	6.49
Change (%)	-31.23%	-17.51%	-7.89%	-	+2.37%
Change	-1.98	-1.11	-0.50	-	+0.15
Level	Major	Intermediate	Major	-	Major

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	6.06	6.11	6.19	6.24	6.32	6.37	6.45
Camarilla	6.23	6.25	6.26	6.27	6.28	6.29	6.31
Woodie	6.08	6.12	6.21	6.25	6.34	6.38	6.47
Fibonacci	6.11	6.16	6.19	6.24	6.29	6.32	6.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.91	6.02	6.14	6.25	6.37	6.48	6.60
Camarilla	6.21	6.23	6.25	6.27	6.29	6.31	6.33
Woodie	5.93	6.02	6.16	6.25	6.39	6.48	6.62
Fibonacci	6.02	6.11	6.16	6.25	6.34	6.39	6.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.02	5.41	5.77	6.16	6.52	6.91	7.27
Camarilla	5.92	5.99	6.06	6.13	6.20	6.27	6.34
Woodie	5.01	5.40	5.76	6.15	6.51	6.90	7.26
Fibonacci	5.41	5.70	5.87	6.16	6.45	6.62	6.91

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.18
MACD (12,26,9):	0.0500
Directional Movement:	9.34
AROON (14):	85.71
DEMA (21):	6.26
Parabolic SAR (0,02-0,02-0,2):	5.97
Elder Ray (13):	0.11
Super Trend (3,10):	5.89
Zig ZAG (10):	6.34
VORTEX (21):	1.0000
Stochastique (14,3,5):	87.40
TEMA (21):	6.25
Williams %R (14):	-7.76
Chande Momentum Oscillator (20):	0.50
Repulse (5,40,3):	2.1600
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	7.97

MA7:	6.26
MA20:	6.13
MA50:	6.16
MA100:	5.75
MAexp7:	6.26
MAexp20:	6.20
MAexp50:	6.05
MAexp100:	5.72
Price / MA7:	+1.28%
Price / MA20:	+3.43%
Price / MA50:	+2.92%
Price / MA100:	+10.26%
Price / MAexp7:	+1.28%
Price / MAexp20:	+2.26%
Price / MAexp50:	+4.79%
Price / MAexp100:	+10.84%

News

The latest news and videos published on ZYNGA INC. at the time of the analysis were as follows:

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

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