Zoom: week 3 of a buy signal, bounce off support
Zoom drops 8.4% for the week, then bounces straight off its 50-day average
Our view last week
Zoom Communications closes its second buy-signal confirmation week with a 1.4% gain, after the 8.8% jump two weeks ago. The weekly structure holds solid: price above the 50-week average, RSI at 63, MACD improving. The stock hasn't attacked its recent highs yet — a first attempt to handle with discipline, while the growth tech sector goes through a weak patch.
This week's summary
Zoom Communications shares close the week down 8.4%, but the stock has already reacted: a 6% bounce off its 50-day moving average, after a touch in the 93 area. The weekly structure stays bullish — price above the 50-week average and above the Ichimoku cloud — even as the first signs of buyer fatigue show up. The buy signal is in its third week, with the trade still finding its footing.
IQS Phase
55
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#36 / 175
US stocks in progress
Trade P&L %
-5.81%
from signal to date, no stop loss
Rank position
ranks 36th among the 175 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +1.30% · monthly +11.48%
ZM belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content