Zendesk, Inc Stock Forecast
Zendesk, Inc stock price down 0% on Tuesday
(Updated on Jul 02, 2024)
No changes to the price of Zendesk, Inc stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at £1.85 to a day high of £1.85. The price has been going up and down for this period, and there has been a -7.5% loss for the last 2 weeks.
The stock lies in the middle of a very 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 -17.94% during the next 3 months and, with a 90% probability hold a price between £1.30 and £1.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ZEN.L Signals & Forecast
There are mixed signals in the stock today. The Zendesk, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £1.92 and £1.92. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Zendesk, Inc stock
Zendesk, Inc finds support from accumulated volume at £1.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.92%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZEN.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Zendesk, Inc to open at £1.85, and during the day (based on 14 day Average True Range), to move between £1.72 and £1.98, which gives a possible trading interval of +/-£0.131 (+/-7.06%) up or down from last closing price. If Zendesk, Inc takes out the full calculated possible swing range there will be an estimated 14.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1.90 (2.70%) than the support at £1.80 (2.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zendesk, Inc stock A Buy?
Zendesk, Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.448 Sell Candidate Unchanged
Predicted Opening Price for Zendesk, Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
£1.85 ( 0.00000000%) | £1.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZEN.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.85 | 0.00000000% |
R2 | 1.85 | 0.00000000% |
R1 | 1.85 | 0.00000000% |
Price | 1.85 | |
S1 | 1.85 | 0.00000000% |
S2 | 1.85 | 0.00000000% |
S3 | 1.85 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.20 | 18.92% |
R2 | 2.00 | 8.11% |
R1 | 1.90 | 2.70% |
Price | 1.85 | |
S1 | 1.80 | -2.70% |
S2 | 1.72 | -7.03% |
S3 | 0 | - |
FAQ
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