The Hourly View for ZM
At the time of this writing, ZM (Get Ratings)’s price is down $-2.81 (-0.89%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ZM has now gone down 5 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on ZM; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
ZM’s Technical Outlook on the Daily Chart
At the time of this writing, ZM’s price is down $-7.43 (-2.32%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Zoom Video Communications Inc’s price action over the past 90 days can be seen via the chart below.
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