After completing its last trading session, Zoom Video Communications, Inc. (NASDAQ:ZM) dropped by -2.1% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 50.854, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.021, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 2.108, an Accumulation/Distribution Index (ADI) of 2.108, an On-Balance Volume (OBV) of 448.455, and a Chaiikin Money Flow (CMF) of 68.72. 1.981
Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Zoom Video Communications, Inc. (NASDAQ:ZM). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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