ZM, RSI Indicator left the overbought zone on February 17, 2021
This is a signal that ZM's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 21 similar cases where ZM's RSI Indicator left the overbought zone, and in 16 of them led to a successful outcome. Odds of Success: 76%. Current price $416.37 crossed the support line at $438.73 and is trading between $438.73 support and $413.13 resistance lines. Throughout the month of 01/14/21 - 02/17/21, the price experienced a +12% Uptrend, while the week of 02/09/21 - 02/17/21 shows a -0.14% Downtrend.
Bearish Trend Analysis
The 10-day RSI Indicator for ZM moved out of overbought territory on February 17, 2021. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 21 similar instances where the indicator moved out of overbought territory. In 16 of the 21 cases, the stock moved lower in the following days. This puts the odds of a move lower at 76%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
ZM broke above its upper Bollinger Band on February 09, 2021. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bearish Trend Analysis
The 10-day RSI Indicator for ZM moved out of overbought territory on February 17, 2021. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 21 similar instances where the indicator moved out of overbought territory. In 16 of the 21 cases, the stock moved lower in the following days. This puts the odds of a move lower at 76%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
ZM broke above its upper Bollinger Band on February 09, 2021. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.