Tue 18'th Sep 2018
Zendesk, Inc Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||3.29% ( 2018-08-31 )|
Zendesk, Inc gained 1.21% in the last trading day, rising from $67.69 to $68.51 The price has risen in 6 of the last 10 days , but is still down by -1.68% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.35 million more shares were traded than the day before. In total, 2.08 million shares bought and sold for approximately $142.24 million.
Zendesk, Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.04% during the next 3 months and, with 90% probability hold a price between $80.10 and $94.89 at the end of this period.
Only positive signals in the chart today. Zendesk, Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $70.00. On a fall, the stock will find some support from the long-term average at approximately $65.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $61.04 and $54.76.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zendesk, Inc finds support just below today's level at $61.04. If this is broken, then the next support from accumulated volume will be at $54.76 and $54.47.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.06 between high and low, or 3.03%. For the last week, the stock has had a daily average volatility of 3.58%.
Our recommended stoploss: $64.42 (-5.97%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.Click for Top 5 Buy Candidates
|ZEN $68.51 $0.82(1.21%)|
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