Zynga Inc (ZNGA): Price Now Near $11.59; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for ZNGA

At the moment, ZNGA’s price is up $0.16 (1.4%) 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 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above 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.

ZNGA’s Technical Outlook on the Daily Chart

At the moment, ZNGA’s price is down $-0.1 (-0.86%) from the day prior. The daily chart shows that ZNGA has seen 2 straight down days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily 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. The chart below shows ZNGA’s price action over the past 90 days.

ZNGA

For ZNGA News Traders

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

Zynga Expects Its Mobile Gaming Empire to Grow More Than 30% In 2021

Zynga (NASDAQ: ZNGA) is making some serious hay right now. Zynga said it will use its momentum to make further acquisitions in the next couple of years to gain greater scale in the important mobile games market.

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