ZENDESK INC.
ZENDESK INC.
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ZEN
ISIN:

ZENDESK INC. - Daily - Technical analysis published on 10/17/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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 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.

Central Gaps

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard65.0367.0068.0670.0371.0973.0674.12
Camarilla68.3068.5768.8569.1369.4169.6969.96
Woodie64.5966.7767.6269.8070.6572.8373.68
Fibonacci67.0068.1568.8770.0371.1871.9073.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard62.5665.9568.9272.3175.2878.6781.64
Camarilla70.1370.7171.3071.8872.4673.0573.63
Woodie62.3465.8568.7072.2175.0678.5781.42
Fibonacci65.9568.3869.8872.3174.7476.2478.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard57.6563.9068.3974.6479.1385.3889.87
Camarilla69.9370.9171.9072.8873.8774.8575.83
Woodie56.7763.4667.5174.2078.2584.9488.99
Fibonacci63.9068.0070.5474.6478.7481.2885.38

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%

This member declared not having a position on this financial instrument or a related financial instrument.

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