Zoom Video Communications, Inc. Class A Common Stock | ZM

Daily Technical Analysis of Zoom Video Communications, Inc. Class A Common Stock

Zoom Video Communications is only slightly up on the day, shares traded 0.79% higher on the day.

Currently ZM isn't at a clear support/resistance line that seems tradable. Momentum wise Zoom Video Communications, has been oscillating up and down but hasn't shown much directional energy that would be predictive to the near future. ZM might find some support at the 84.66 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Zoom Video Communications By Price Target And Rating

The analysts feel pretty optimistic about Zoom Video Communications and have been assigning positive ratings. The current Analysts Sentiment Score is 210.89. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. HSBC announced that they are initiating coverage with a rating of Buy on 2023-09-15 and added a price target of $83.00. On 2023-08-23 there was confirmation of the previous rating by Wedbush which was Neutral ➝ Neutral and provided a price target of $80.00. Sanford C. Bernstein lowered their price target to 92.0082.00 on 2023-08-22. Wells Fargo & Company lowered their price target to 80.0075.00 on 2023-08-22. Robert W. Baird provided a price target drop to 95.0090.00 on 2023-08-22. Mizuho reiterated a rating of Buy ➝ Buy on 2023-08-22 and added a price target of $100.00. Royal Bank of Canada announced that they are reiterating a rating of Outperform ➝ Outperform on 2023-08-22 and added a price target of $95.00. Needham & Company LLC announced that they are reiterating a rating of Hold ➝ Hold on 2023-08-22. JPMorgan Chase & Co. provided a price target drop to 85.0083.00 on 2023-08-22. On 2023-08-22 Citigroup increased their price target to 65.0066.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
ZM	210.89	255.09	-26.77	249.65	-56.21

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-05-02)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
ZM	0.00	0.06

Short interest for Zoom Video Communications

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
ZM	7.28	%8.6	4.5	15.246	19090000

How Zoom Video Communications compares to the broader Communication Services sector and the more specific Telecom Services industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Telecom Services Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	1	0.79	-2.52	1.70	1.85	-0.28	-7.63	79.00	-6.07	-6.22	-7.75	-323.13	-4011.28	125.00	0.00	7.28	210.89
Communication Services Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	40	-0.53	-2.02	-0.57	3.98	4.71	0.22	63.25	-2.15	-0.73	1.40	-13990.14	-9757.56	5.62	6.25	4.26	37.17

Social Sentiment for Zoom Video Communications

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
ZM

Companies with the highest correlation to Zoom Video Communications

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Short Interest Score
FIVN \| FIVE9, INC.	1.93	2.47	3.47	-8.22	-17.49	5.51	-14.56	56	4.19	8.49	21.72	-23640.97	-4265.26	3.48017
TWLO \| Twilio Inc.	1.21	1.82	-2.58	-0.13	-6.25	-3.56	-15.02	77	-2.27	-4.18	-5.41	-1244.11	-6164.90	2.53178
SQ \| Block, Inc.	1.12	-1.99	-12.76	-19.96	-30.56	-26.32	-20.06	62	-7.73	-10.89	-1.29	-21387.81	-1847.20	3.29382
TDOC \| Teladoc Health, Inc.	1.11	-2.74	-9.58	-14.79	-25.62	-25.06	-32.83	54	-19.67	-21.74	-7.89	-41069.17	-1006.28	10.9427
SPOT \| Spotify Technology S.A.	1.09	1.49	-1.81	13.94	-1.83	21.86	69.12	94	19.98	39.05	35.72	-684.02	-20746.49	1.21858
FVRR \| Fiverr International Ltd.	1.09	1.85	-9.23	-12.07	-5.38	-29.05	-18.98	56	-6.14	-13.82	-12.20	-28228.24	-1236.55	6.02489
LMND \| Lemonade, Inc.	1.07	-1.39	-4.22	-11.80	-28.73	-7.10	-41.57	54	-13.30	-13.66	-6.75	-23639.15	-2256.48	22.0108

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