Zscaler: confirmation holds, up 11.6% in a week
Zscaler stock: +11.6% in a week as the buy signal confirmation holds
Zscaler: confirmation holds, up 11.6% in a week
Our view last week
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.
This week's summary
Zscaler stock's buy signal, which fired a week ago after eight weeks on the sell side, is holding: the confirmation week closed up 11.6%, with buyers controlling 77% of daily volume and money flow back in positive territory. The stock is still boxed between its nearest resistance and support, with weekly volume contracting. Signal strength climbs to 86 out of 100 — a wide move to read alongside next week's technical analysis.
IQS Phase
59
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#11 / 132
US stocks in progress
Trade P&L %
+11.56%
from signal to date, no stop loss
Rank position
ranks 11th among the 132 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +7.20% · monthly +3.62%
ZS belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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