Bears Hold an Edge Ahead of Zoom (ZM) Earnings Report – The video communications specialist will be pulling several growth levers going forward.

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Zoom Video Stock Is Plunging. Welcome Back to the Office. | Barron’s.ZM history — Timeline of major events — TradingView

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Zoom Video Communications, Inc. The stock took off for the heavens after blowing away second quarter top- and bottom-line estimates in late August, lifting to an all-time high in October. Bullish sentiment on Zoom has deteriorated since that time, with Pfizer Inc. PFE and Moderna, Inc. A slow-motion uptick into new resistance has generated little buying interest, raising the odds for a bearish reaction to next week’s release.

However, investors are now looking at the future rather than the rear-view mirror, trying to gauge the impact of a post-COVID world. While we preformance that many corporations have adopted the virtual meeting space with open arms, no one is really knows how the paradigm shift will affect the company’s growth in coming years.

Wall Street consensus has grown more cautious due to historic share price gains, with a “Moderate Buy” rating based upon 11 “Buy” and 12 “Hold” recommendations. One analyst now recommends that shareholders close positions and move pegformance the sidelines. It is sometimes known as the price multiple or the earnings multiple.

It broke down from a small topping pattern in September, zoom stock performance – none: /22301.txt decline that held near the IPO opening print into December. It settled near that level into performanec May, breaking out and posting impressive gains into July. Second quarter earnings triggered a high-percentage buy gap on Sept.

This provides bears with a major advantage heading into the news. The on-balance volume OBV accumulation-distribution indicator topped out with price in October, giving way to a modest distribution wave that is still in progress.

Meanwhile, the monthly stochastic oscillator has entered a sell cycle that predicts weakness into the first quarter ofwhile the weekly indicator has reached an extremely oversold level, predicting two-sided but range-bound action that isn’t likely to reward trend followers. Range-bound trading is a trading strategy that seeks to identify and capitalize on stocks trading in price channels.

After finding major support and resistance levels and connecting them with horizontal trendlinesa trader can buy a security at the lower trendline support bottom of the channel and sell it at the upper trendline resistance top of the channel. Zoom stock has entered an intermediate correction that is unlikely to end after next week’s third quarter earnings report.

Disclosure: The author held no positions in the aforementioned zoom stock performance – none: at the time of publication. Earnings Reports and News. Company News. When you visit this site, it may store or retrieve information on your browser, mostly in the form of cookies. Cookies collect information about your preferences and your device and are used to make the site work as you expect it to, to understand how you srock with the site, zoom stock performance – none: to show advertisements that are targeted zoom stock performance – none: your interests.

You psrformance find out more and change our zoom stock performance – none: settings with Cookie Settings. Your Money. Personal Finance. Your Practice. Popular Courses. Company News Earnings Reports and /29320.txt. Market players have been rotating out of COVID beneficiaries and into recovery plays in recent weeks.

Zoom stock could remain range bound well into Compare Accounts. The offers that appear in this table are from partnerships from which Percormance receives compensation. This compensation may impact how and where listings appear. Investopedia по ссылке not include all offers available in the marketplace.

Related Articles. Partner Links. What Is Range-Bound Trading? Range-bound trading is a trading strategy that seeks to identify and capitalize on securities trading in price channels. What Is an Uptrend? Uptrend is a term used to describe an overall upward trajectory in price. Many traders opt to trade during uptrends with specific zoom stock performance – none: strategies. Investopedia is part of the Dotdash Meredith publishing family.

 
 

 

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