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April 12, 2023
Zendesk moves 0.03% to close at $77.48 today.
- Zendesk is currently trading at $77.48 following the release of FOMC Meeting Minutes data from the United States.
- Zendesk has been pretty quiet for the last 10 days, trading mostly flat and moving by only 18.6 cents on average.
United States Crude Oil Inventories beat analyst expectations of -583,000 and the previous reading of -3.74 million with new data of 597,000. United States Consumer Price Index came out at 0.1%, while a consensus of analysts was expecting 0.2%.
Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that Zendesk's upper Bollinger Band® is at $77.5, suggesting that a downward move may follow.
With market volatility ebbing, the current technical outlook indicates Zendesk will remain range-bound for the immediate future.
United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 232,000 while previous data was 228,000; data will be released tomorrow at 12:30 UTC.
Qualcomm stumbles 2.67% today to close at $123.57. TSM lost 2.64% today and closed at $86.88. IBM went down 1.4%, closed at $130.42.
The stock has been trending positively for about 9 months. The SaaS company reached a significant high of $129.12 around 11 months ago but has lost 40% since then.
