The signal flips: from sell to a fresh buy
Zscaler stock +6.2%: the signal flips from sell to a fresh buy
The signal flips: from sell to a fresh buy
Our view last week
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.
This week's summary
Zscaler stock bounces sharply off the daily EMA20, in the 146 area: a touch near the 144 area and a 5% recovery from there, for a 6.2% weekly gain. The signal flips: after eight weeks on the sell side, a fresh buy signal now fires, ranking 6th among the 16 new US-stock Longs. Our weekly technical analysis stays mixed, with contracting volume and a strong distribution phase. This swing trading setup is one to watch through the confirmation week.
IQS Phase
45
ordinary
Signal Strength
76
high · wide & volatile
Sizing
FULL
Ranking
#6 / 16
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 6th among the 16 fresh Longs for US stocks in our ranking, with a signal strength of 76 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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