Zoom bounces 3%, but the flow still says no
Zoom bounces 3%, but money flow and momentum both keep worsening
Zoom bounces 3%, but the flow still says no
Our view last week
Zoom Communications is in week 4 of a sell signal, and the week just closed gave up 0.8%: a modest step, consistent with signal strength down to 2 out of 100, a decline without new drive. The quality band flags trading as not recommended, and the stock ranks 29th among the 137 US sell signals. The trade is already up 7% since opening.
This week's summary
Zoom stock closed the week with a 3% bounce, backed by buy volume back above 75% of trading — the first real bright spot after weeks of selling. But money flow and momentum, read in the weekly technical analysis, both worsened further, hitting a one-month low. The sell signal is now in its fifth week of management, with the short down to a 4.2% gain from 7% last week.
IQS Phase
71
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#137 / 137
US stocks
Trade P&L %
+4.18%
from signal to today
restricted Platinum content