Previous Hold Today ZEN ranks #3142 as HOLD CANDIDATE. Next Hold
Today ZEN ranks #3142 as HOLD CANDIDATE.

ZEN stock Zendesk, Inc

ZEN stock
Zendesk, Inc

April 24, 2019
Change -0.62%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Social Sentiment for ZEN

Today's data is from 11 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
55%
45%
Weighted Sentiment -0.18

Will ZEN stock price go up or down on Thu, 25 Apr 2019?

Zendesk, Inc Forecast and Stock Analysis

Technical ZEN stock analysis for April 24, 2019.

Hold candidate since 2019-04-24
Shorts 3.22% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.62
ROA -14.53

Zendesk, Inc fell by -0.62% in the last day from $83.48 to $82.96 The price has risen in 6 of the last 10 days and is up by 0.44% over the past 2 weeks. Volume has increased in the last day by 1.17 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.29 million shares bought and sold for approximately $190.15 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ZEN stock was $82.96. This is 0.62% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 2.62% from a day low at $82.67 to a day high of $84.84.

30 day high of the ZEN stock price was $86.85 and low was $78.43.
90 day high was $86.85 and low was $63.80.
52 week high for the Zendesk, Inc - $86.85 and low - $45.60.

Trend

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 20.47% during the next 3 months and, with 90% probability hold a price between $95.97 and $110.23 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Zendesk, Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $82.26 and $82.42. A break down below any of these levels will issue sell signals.

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A sell signal from a double top formation was found on Tuesday April 23, 2019 and based on theory for this formation the price should fall by -3.93% to $79.96 within 7 trading days since signal was issued (Thursday May 02, 2019).

Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Zendesk, Inc finds support from accumulated volume at $81.70.

Support: $81.70 Price: $82.96 Resistance: $83.34

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.17 (2.62%) between high and low. For the last week, the stock has had a daily average volatility of 2.93%.

Our recommended stoploss: $79.93 (-3.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Zendesk, Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today ZEN ranks #3142 as HOLD CANDIDATE. Next Hold
Today ZEN ranks #3142 as HOLD CANDIDATE.