ZENDESK INC. - Daily - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
ZENDESK INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 69.81 USD
My targets
65.03 USD (-4.49%)
61.39 USD (-9.84%)
My analysis
The bearish trend is currently very strong for ZENDESK INC.. As long as the price remains below the resistance at 69.81 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 65.03 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 61.39 USD as an objective. Crossing it would then enable sellers to target 48.37 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
8
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The ZENDESK INC. rating is 68.09 USD. The price is lower by -1.50% since the last closing with the lowest point at 65.41 USD and the highest point at 68.91 USD. The deviation from the price is +4.10% for the low point and -1.19% for the high point.65.41
68.91
68.09
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this ZENDESK INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 48.37 | 61.39 | 65.03 | 68.09 | 69.81 | 74.55 | 82.30 |
| Change (%) | -28.96% | -9.84% | -4.49% | - | +2.53% | +9.49% | +20.87% |
| Change | -19.72 | -6.70 | -3.06 | - | +1.72 | +6.46 | +14.21 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | 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 | 65.03 | 67.00 | 68.06 | 70.03 | 71.09 | 73.06 | 74.12 |
| Camarilla | 68.30 | 68.57 | 68.85 | 69.13 | 69.41 | 69.69 | 69.96 |
| Woodie | 64.59 | 66.77 | 67.62 | 69.80 | 70.65 | 72.83 | 73.68 |
| Fibonacci | 67.00 | 68.15 | 68.87 | 70.03 | 71.18 | 71.90 | 73.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.56 | 65.95 | 68.92 | 72.31 | 75.28 | 78.67 | 81.64 |
| Camarilla | 70.13 | 70.71 | 71.30 | 71.88 | 72.46 | 73.05 | 73.63 |
| Woodie | 62.34 | 65.85 | 68.70 | 72.21 | 75.06 | 78.57 | 81.42 |
| Fibonacci | 65.95 | 68.38 | 69.88 | 72.31 | 74.74 | 76.24 | 78.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.65 | 63.90 | 68.39 | 74.64 | 79.13 | 85.38 | 89.87 |
| Camarilla | 69.93 | 70.91 | 71.90 | 72.88 | 73.87 | 74.85 | 75.83 |
| Woodie | 56.77 | 63.46 | 67.51 | 74.20 | 78.25 | 84.94 | 88.99 |
| Fibonacci | 63.90 | 68.00 | 70.54 | 74.64 | 78.74 | 81.28 | 85.38 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 36.72 | |
| MACD (12,26,9): | -1.8900 | |
| Directional Movement: | -30.72 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 70.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 73.70 | |
| Elder Ray (13): | -4.72 | |
| Super Trend (3,10): | 75.86 | |
| Zig ZAG (10): | 68.09 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 33.77 | |
| TEMA (21): | 70.17 | |
| Williams %R (14): | -73.98 | |
| Chande Momentum Oscillator (20): | -4.79 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 9.06 |
| MA7: | 71.16 | |
| MA20: | 73.10 | |
| MA50: | 75.89 | |
| MA100: | 82.31 | |
| MAexp7: | 70.80 | |
| MAexp20: | 72.85 | |
| MAexp50: | 76.30 | |
| MAexp100: | 78.83 | |
| Price / MA7: | -4.31% | |
| Price / MA20: | -6.85% | |
| Price / MA50: | -10.28% | |
| Price / MA100: | -17.28% | |
| Price / MAexp7: | -3.83% | |
| Price / MAexp20: | -6.53% | |
| Price / MAexp50: | -10.76% | |
| Price / MAexp100: | -13.62% |
News
The latest news and videos published on ZENDESK INC. at the time of the analysis were as follows:
- Zendesk Introduces New Partner Program to Give Partners More Tools to Improve Customer Engagement
- Zendesk Announces Date of Third Quarter 2019 Financial Results
- Zendesk Delivers the Future of Conversational Business With Sunshine Conversations
- Zendesk Launches New Community Product, Gather, to Provide Trusted and Transparent Support at Scale
- Zendesk to Present at Upcoming Investor Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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