ZM 2020-10-08 Technical Analysis and Forecast


ZM Report

Sample Size: 4; Percent Error: 25%

Current Trend Performance

ZM is -4.59% from monthly high, 38.42% from monthly low, -0.46% from 10 day simple moving average, 4.13% from 20 day simple moving average.

Forecast Ranges

Day 1:
The highs are 489.57, the lows are 469.64, and the median is 479.61. 25.0% to decrease between -14.82% - 0%. 75.0% to increase between 0% - 14.82%.
Day 2:
The highs are 491.81, the lows are 460.94, and the median is 476.38. 50.0% to decrease between -14.82% - 0%. 50.0% to increase between 0% - 14.82%.
Day 3:
The highs are 502.83, the lows are 460.41, and the median is 481.62. 50.0% to decrease between -14.82% - 0%. 50.0% to increase between 0% - 14.82%.
Day 4:
The highs are 516.01, the lows are 453.33, and the median is 484.67. 75.0% to decrease between -14.82% - 0%. 25.0% to increase between 0% - 14.82%.
Day 5:
The highs are 535.57, the lows are 438.54, and the median is 487.06. 50.0% to decrease between -14.82% - 0%. 50.0% to increase between 0% - 14.82%.
Day 6:
The highs are 560.43, the lows are 434.66, and the median is 497.54. 50.0% to decrease between -14.82% - 0%. 25.0% to increase between 0% - 14.82%. 25.0% to increase between 14.82% - 29.64%.
Day 7:
The highs are 647.43, the lows are 451.81, and the median is 549.62. 50.0% to decrease between -14.82% - 0%. 25.0% to increase between 0% - 14.82%. 25.0% to increase between 29.64% - 44.46%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 407.63 and 443.09, because of 20 day SMA. There is possible resistance range between 514.01, because of monthly high, and 549.47. Areas of uncertainty are beyond 377.42 and beyond 590.19. Minimum movement range is 14.82%.

Research conducted with Nforecast.

This is not a recommendation to buy, sell, or hold. This research is for educational, informational, and entertainment purposes. You should not construe any data or information presented by members on this blog or Nforecast LLC as investment, tax, legal, financial or other advice.