Sell signal under management, sixth week
Zoom drops 3.4% as the Sell signal tightens back near the 87 area
Sell signal under management, sixth week
Our view last week
Zoom stock closed higher for a second straight week, but at a shorter stride — up 1.5% against last week's 3%. In our weekly technical analysis, money flow keeps sliding further negative and momentum keeps accelerating lower, at a one-month low. The price stays boxed into a tight band between the 91 and 94 areas.
This week's summary
Zoom's Sell signal has been under management for six weeks, but the latest weekly bar broke the string of bounces: after two rebound weeks the stock gave back 3.4%, sliding back toward the floor in the 87 area. Zoom stock stays boxed into a tight band between 87 and 88.5, with the weekly ADX cooling and price action still indecisive. The short remains above 6% in profit.
IQS Phase
66
in tension
Signal Strength
26
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#97 / 141
US stocks
Trade P&L %
+6.07%
from signal to today
Rank position
ranks 97th among the 141 sell signals for US stocks in our ranking, with a signal strength of 26 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
ZM belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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