Zoominfo Technologies Inc. Class A Stock Forecast
Zoominfo Technologies Inc. Class A stock upgraded to Buy Candidate.
(Updated on May 01, 2024)
The Zoominfo Technologies Inc. Class A stock price gained 3.15% on the last trading day (Wednesday, 1st May 2024), rising from $15.86 to $16.36. During the last trading day the stock fluctuated 6.84% from a day low at $15.79 to a day high of $16.87. The price has risen in 7 of the last 10 days and is up by 5.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 516 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $69.10 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.88% during the next 3 months and, with a 90% probability hold a price between $14.08 and $16.67 at the end of this 3-month period.
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ZI Signals & Forecast
Mostly positive signals in the chart today. The Zoominfo Technologies Inc. Class A stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.07 and $15.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 8.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Zoominfo Technologies Inc. Class A stock
Zoominfo Technologies Inc. Class A finds support from accumulated volume at $16.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.08 (6.84%) between high and low. For the last week, the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: $15.41 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (ZI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Zoominfo Technologies Inc. Class A to open at $16.34, and during the day (based on 14 day Average True Range), to move between $15.81 and $16.91, which gives a possible trading interval of +/-$0.552 (+/-3.38%) up or down from last closing price. If Zoominfo Technologies Inc. Class A takes out the full calculated possible swing range there will be an estimated 6.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.02 (2.08%) than the resistance at $17.56 (7.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Zoominfo Technologies Inc. Class A will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.240. We will update the financials statements for Zoominfo Technologies Inc. Class A, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.00% in the first trading day after earnings release.
Is Zoominfo Technologies Inc. Class A stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.414 Buy Candidate Upgraded
Predicted Opening Price for Zoominfo Technologies Inc. Class A of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $16.34 ( 0.122%) | $16.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.42 | 6.48 % | |
| R2 | 17.01 | 3.96 % | ||
| R1 | 16.75 | 2.40 % | ||
| Current price: | 16.36 | |||
| Support | S1 | 15.93 | -2.64 % | |
| S2 | 15.67 | -4.20 % | ||
| S3 | 15.26 | -6.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.32 | 11.98 % | |
| R2 | 18.11 | 10.70 % | ||
| R1 | 17.56 | 7.33 % | ||
| Current price | 16.36 | |||
| Support | S1 | 16.02 | -2.08% | |
| S2 | 15.31 | -6.42% | ||
| S3 | 15.11 | -7.64% |
FAQ
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