Buy signal, week 9: higher lows on the daily chart
Zscaler gains 1.8% and reclaims its 100-week average after stalling in the 217 area
Our view last week
After last week's 19.9% surge, Zscaler gives back 2.2% and shifts gear: the rebound stalled with a firm rejection at its 7-day high, in the 217 area, and sellers dominated the weekly bar to an extreme. Zscaler stock still carries one of the weekly buy signals, 27.7% in profit since entry, with the weekly MACD above its Signal line: a swing trading setup still pointed higher, with price action that calls for caution.
This week's summary
After stalling in the 217 area a week ago, Zscaler picks up again with a 1.8% gain and reclaims its 100-week average, in the 194 area. On the daily chart, price action shows 4 higher lows since early September, from the 159 area to the 188 area. Zscaler stock remains one of the weekly buy signals among tech stocks, 30% in profit since entry, with the weekly MACD above its Signal line for 22 weeks and a falling histogram: a swing trading setup still pointed higher, wide and volatile.
IQS Phase
54
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#5 / 93
US stocks in progress
Trade P&L %
+30.03%
from signal to date, no stop loss
Zscaler (ZS) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 5th among the 93 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 strong phase
Performanceweekly +1.80% · monthly +8.83%
ZS belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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