Zoom Video Communications Inc (ZM): Price Up $2.12 (0.56)% Over Past Day, Down $-0.94 (-0.25)% Over Past Hour

The Hourly View for ZM

At the time of this writing, ZM (Get Ratings)’s price is down $-0.94 (-0.25%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly 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.

ZM ranks 42nd in terms of today’s price percentage change out of Business Services stocks.

ZM’s Technical Outlook on the Daily Chart

At the moment, ZM’s price is up $2.12 (0.56%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as ZM has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, so that price is now turning above it. 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.

ZM

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ZM: Daily RSI Analysis

  • ZM’s RSI now stands at 23.5294.
  • ZM and RSI may be exhibiting divergent trends. This may be something to monitor.

Is Zoom Stock A Buy Right Now? Zoom Phone Growth Accelerates In Business Market

Yes, shares in Zoom Video have soared during the coronavirus crisis. But post-pandemic, what’s the outlook for Zoom stock as Wall Street looks ahead? Is ZM stock a buy ahead of earnings?

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