Zynga Inc (ZNGA): Price Now Near $10.09; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for ZNGA

At the moment, ZNGA (Get Ratings)’s price is down $0 (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on ZNGA; it is now pointing up. 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, ZNGA ranks 221st in regards to today’s price percentage change.

ZNGA’s Technical Outlook on the Daily Chart

At the moment, ZNGA’s price is down $-0.03 (-0.3%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as ZNGA has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. Of note is that the 100 day changed directions on ZNGA; it is now pointing up. 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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ZNGA: Daily RSI Analysis

  • ZNGA’s RSI now stands at 0.
  • ZNGA and RSI may be exhibiting divergent trends. This may be something to monitor.

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