Zynga Inc (ZNGA): Price Now Near $10.29; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for ZNGA

Currently, ZNGA (Get Ratings)’s price is up $0.12 (1.13%) from the hour prior. The hourly chart shows that ZNGA has seen 2 straight up 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, ZNGA ranks 145th in regards to today’s price percentage change.

ZNGA’s Technical Outlook on the Daily Chart

Currently, ZNGA’s price is up $0.08 (0.83%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 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. The chart below shows ZNGA’s price action over the past 90 days.



ZNGA: Daily RSI Analysis

  • For ZNGA, its RSI is now at 82.9787.
  • ZNGA and RSI may be exhibiting divergent trends. This may be something to monitor.

For ZNGA News Traders

Investors and traders in ZNGA may be particularly interested in the following story that came out in the past day:

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