Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Friday, October 14, 2022, and so far it has risen 14.66%.
A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
On a fall, the stock will find some support from the long-term average at approximately $77.64. On further gains, the stock will meet resistance from the short-term moving average at approximately $83.03. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. The Zoom stock holds a sell signal from the short-term moving average at the same time, however, there is a buy signal from the long-term average.
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