Zendesk Technical Analysis (NYSE:ZEN)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The ZEN stock chart pattern can give those who understand technical analysis an indication of which way ZEN stock is headed, but cannot predict with 100% certainty as to what can happen to the Zendesk stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Zendesk. Technical analysis uses an approach for Zendesk stock analysis that does not care for the fair value of a company but uses price and volume data only.
Zendesk Moving Average
Moving averages show the average price of ZEN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $61.08 is below the last closing price of $61.71 and the 50 day moving average of $58.96 is below the last closing price of $61.71. The 10 and 20 day periods can predict short term moving average trends.
Zendesk Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Zendesk. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $61.71 is in the upper range of Zendesk bollinger bands.
Zendesk Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Zendesk MACD indicator can be used to identify bullish and bearish trends for the stock.
Zendesk Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 67.97 is the RSI value of ZEN stock.