Zynga Inc (ZNGA): Price Down $-0.11 (-1.17)% Over Past Day, Down $0 (0)% Over Past Hour

The Hourly View for ZNGA

Currently, ZNGA’s price is down $0 (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ZNGA has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on ZNGA. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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.

ZNGA’s Technical Outlook on the Daily Chart

At the moment, ZNGA’s price is down $-0.11 (-1.17%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Of note is that the 50 day changed directions on ZNGA; it is now pointing down. 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. Zynga Inc’s price action over the past 90 days can be seen via the chart below.

ZNGA

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