Zscaler's 152 wall holds: the decline is confirmed
Zscaler drops 5.1% as the decline pushes back against the 152 wall
Zscaler's 152 wall holds: the decline is confirmed
Our view last week
After burning through last week's entire rebound, Zscaler brings it right back: up 7.7% this week, with 63% of trading on the buy side against 96% on the sell side seven days ago. The stock is pressing again on the wall between the 20-week average and the daily Kumo ceiling, in the 152 area, off the clean double bottom in the 121 area. Underneath, though, money flow stays negative and buyers are losing their edge: the short, under management for 8 weeks, has slipped into a 7.3% loss.
This week's summary
Zscaler shares slip back: down 5.1% this week, with 78% of trading on the sell side, after a firm rejection at the wall between the 20-week average and the daily Kumo ceiling, in the 152 area - the same level that had already stopped last week's rebound. Money flow turns negative again and momentum drops below zero: a weekly technical analysis picture that tips control back to sellers. The short, under management for 8 weeks, trims its loss to 1.85% from 7.3% a week ago.
IQS Phase
66
in tension
Signal Strength
13
decline fading out
Sizing
MINIMUM
Ranking
#116 / 141
US stocks
Trade P&L %
-1.85%
from signal to today
Rank position
ranks 116th among the 141 sell signals for US stocks in our ranking, with a signal strength of 13 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
ZS belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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