Zuora Inc (ZUO): Price Now Near $15.85; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for ZUO

At the time of this writing, ZUO (Get Ratings)’s price is up $0.23 (1.47%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ZUO has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 and 50 hour moving averages have been crossed, with price now being above them. 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.

Out of Business Services stocks, ZUO ranks 82nd in regards to today’s price percentage change.

ZUO’s Technical Outlook on the Daily Chart

At the moment, ZUO’s price is up $0.11 (0.7%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 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. The chart below shows ZUO’s price action over the past 90 days.

ZUO

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ZUO: Daily RSI Analysis

  • ZUO’s RSI now stands at 31.4286.
  • ZUO and RSI may be exhibiting divergent trends. This may be something to monitor.

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