RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ZM
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Weaker technical forecast for Zoom as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Zoom stock price fell by -1.88% on the last day (Thursday, 28th Mar 2024) from $66.62 to $65.37. During the last trading day the stock fluctuated 2.34% from a day low at $65.33 to a day high of $66.86. The price has been going up and down for this period, and there has been a -2.81% loss for the last 2 weeks. Volume has increased on the last day by 606 thousand 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, 2 million shares were bought and sold for approximately $162.56 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 -2.50% during the next 3 months and, with a 90% probability hold a price between $59.01 and $68.59 at the end of this 3-month period.

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ZM Signals & Forecast

There are few to no technical positive signals at the moment. The Zoom stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $66.34 and $66.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -7.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Zoom stock

Zoom finds support from accumulated volume at $64.61 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 $1.53 (2.34%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Zoom Video Communications, Inc. to open at $65.85, and during the day (based on 14 day Average True Range), to move between $63.80 and $66.94, which gives a possible trading interval of +/-$1.57 (+/-2.40%) up or down from last closing price. If Zoom Video Communications, Inc. takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $65.96 (0.90%) than the support at $64.61 (1.16%), 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 Zoom Video Communications, Inc. stock A Buy?

Zoom holds several negative signals and is within a wide and falling trend, so we believe 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 Hold/Accumulate to a Sell candidate.

Current score: -4.375 Sell Candidate Downgraded

Predicted Opening Price for Zoom Video Communications, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$65.85 ( 0.739%) $65.37

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ZM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 67.38 3.08 %
R2 66.80 2.19 %
R1 66.44 1.63 %
Current price: 65.37
Support S1 65.27 -0.155 %
S2 64.91 -0.707 %
S3 64.32 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 69.62 6.50 %
R2 68.17 4.28 %
R1 65.96 0.90 %
Current price 65.37
Support S1 64.61 -1.16%
S2 63.12 -3.44%
S3 62.12 -4.97%

FAQ

What is the symbol for Zoom Stock and on which exchange is it traded?
The symbol for Zoom is ZM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Zoom Stock?
Zoom holds several negative signals and is within a wide and falling trend, so we believe 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 Hold/Accumulate to a Sell candidate.

How to buy Zoom Stock?
Zoom Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zoom Stock.

What's the current price of Zoom Stock?
As of the end of day on the 2024-03-28, the price of an Zoom (ZM) share was $65.37.

What is the 52-week high and low for Zoom Stock?
The 52-week high for Zoom Stock is $75.91 and the 52-week low is $58.88.

What is the market capitalization of Zoom Stock?
As of the 2024-03-28, the market capitalization of Zoom is 20.108B.

When is the next earnings date for Zoom?
The upcoming earnings date for Zoom is May 27, 2024.
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About Zoom Video Communications, Inc.

Zoom Zoom Video Communications, Inc. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desk... ZM Profile

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