Zoominfo Technologies Inc. Class A Stock Forecast
Evaluation of Zoominfo Technologies Inc. Class A stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Zoominfo Technologies Inc. Class A stock price fell by -1.07% on the last day (Thursday, 25th Apr 2024) from $15.89 to $15.72. During the last trading day the stock fluctuated 2.73% from a day low at $15.38 to a day high of $15.80. The price has been going up and down for this period, and there has been a -3.32% loss for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $44.24 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 -5.02% during the next 3 months and, with a 90% probability hold a price between $14.11 and $16.69 at the end of this 3-month period.
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ZI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 4.24%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zoominfo Technologies Inc. Class A stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $15.86. On a fall, the stock will find some support from the short-term average at $15.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Zoominfo Technologies Inc. Class A stock
Zoominfo Technologies Inc. Class A finds support from accumulated volume at $15.39 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 $0.420 (2.73%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Zoominfo Technologies Inc. Class A to open at $15.63, and during the day (based on 14 day Average True Range), to move between $15.22 and $16.22, which gives a possible trading interval of +/-$0.500 (+/-3.18%) 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 6.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.87 (0.95%) than the support at $15.39 (2.10%), 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 Zoominfo Technologies Inc. Class A stock A Buy?
Zoominfo Technologies Inc. Class A 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.172 Sell Candidate Downgraded
Predicted Opening Price for Zoominfo Technologies Inc. Class A of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $15.63 ( 0.573%) | $15.72 |
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 | 16.05 | 2.10 % | |
| R2 | 15.89 | 1.08 % | ||
| R1 | 15.79 | 0.448 % | ||
| Current price: | 15.72 | |||
| Support | S1 | 15.47 | -1.59 % | |
| S2 | 15.37 | -2.22 % | ||
| S3 | 15.21 | -3.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.32 | 16.54 % | |
| R2 | 16.02 | 1.91 % | ||
| R1 | 15.87 | 0.95 % | ||
| Current price | 15.72 | |||
| Support | S1 | 15.39 | -2.10% | |
| S2 | 15.31 | -2.61% | ||
| S3 | 15.11 | -3.88% |
FAQ
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