ZOOM VIDEO COMMUNICATIONS INC. - Daily - Technical analysis published on 01/07/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 68.19 USD
My targets
75.16 USD (+6.88%)
84.90 USD (+20.73%)
My analysis
The current short-term bullish acceleration on ZOOM VIDEO COMMUNICATIONS INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 68.19 USD. Short-term buyers will use the resistance located at 75.16 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 84.90 USD. Crossing this resistance would then open the door for buyers to target 89.87 USD. Caution, if there is a return to under 68.19 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ZOOM VIDEO COMMUNICATIONS INC. price is 70.32 USD. The price has increased by +4.52% since the last closing with the lowest point at 65.81 USD and the highest point at 70.50 USD. The deviation from the price is +6.85% for the low point and -0.26% for the high point.65.81
70.50
70.32
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ZOOM VIDEO COMMUNICATIONS INC. in Daily shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 62.25 | 70.28 | 70.32 | 75.16 | 84.90 | 89.87 |
Change (%) | -11.48% | -0.06% | - | +6.88% | +20.73% | +27.80% |
Change | -8.07 | -0.04 | - | +4.84 | +14.58 | +19.55 |
Level | Major | Intermediate | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 65.11 | 66.11 | 66.69 | 67.69 | 68.27 | 69.27 | 69.85 |
Camarilla | 66.85 | 66.99 | 67.14 | 67.28 | 67.43 | 67.57 | 67.72 |
Woodie | 64.91 | 66.01 | 66.49 | 67.59 | 68.07 | 69.17 | 69.65 |
Fibonacci | 66.11 | 66.71 | 67.08 | 67.69 | 68.29 | 68.66 | 69.27 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 61.74 | 63.63 | 65.46 | 67.35 | 69.17 | 71.06 | 72.89 |
Camarilla | 66.26 | 66.60 | 66.94 | 67.28 | 67.62 | 67.96 | 68.30 |
Woodie | 61.71 | 63.61 | 65.42 | 67.33 | 69.14 | 71.04 | 72.85 |
Fibonacci | 63.63 | 65.05 | 65.93 | 67.35 | 68.76 | 69.64 | 71.06 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 49.39 | 55.71 | 61.87 | 68.19 | 74.35 | 80.67 | 86.83 |
Camarilla | 64.61 | 65.75 | 66.90 | 68.04 | 69.18 | 70.33 | 71.47 |
Woodie | 49.32 | 55.67 | 61.80 | 68.15 | 74.28 | 80.63 | 86.76 |
Fibonacci | 55.71 | 60.47 | 63.42 | 68.19 | 72.95 | 75.90 | 80.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 57.23 | |
MACD (12,26,9): | -0.0600 | |
Directional Movement: | 4.67 | |
AROON (14): | 100.00 | |
DEMA (21): | 67.29 | |
Parabolic SAR (0,02-0,02-0,2): | 64.36 | |
Elder Ray (13): | 0.48 | |
Super Trend (3,10): | 71.77 | |
Zig ZAG (10): | 70.32 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 87.75 | |
TEMA (21): | 68.07 | |
Williams %R (14): | -2.52 | |
Chande Momentum Oscillator (20): | 4.15 | |
Repulse (5,40,3): | 7.6000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.1200 | |
Courbe Coppock: | 9.13 |
MA7: | 67.89 | |
MA20: | 66.29 | |
MA50: | 68.19 | |
MA100: | 74.61 | |
MAexp7: | 68.15 | |
MAexp20: | 67.63 | |
MAexp50: | 69.28 | |
MAexp100: | 72.72 | |
Price / MA7: | +3.58% | |
Price / MA20: | +6.08% | |
Price / MA50: | +3.12% | |
Price / MA100: | -5.75% | |
Price / MAexp7: | +3.18% | |
Price / MAexp20: | +3.98% | |
Price / MAexp50: | +1.50% | |
Price / MAexp100: | -3.30% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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