Muted session so far for Zendesk as it oscillates around $77.48

Zendesk trades at $77.48, after ending Friday at $77.46.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Zendesk's upper Bollinger Band® is at $77.5, suggesting that a downward move may follow.

Overall, technical indicators suggest Zendesk has no obvious direction for the immediate future.

Meanwhile, mixed performances are seen in other technology stocks as NVIDIA is trading around $403 (down 4.53%). Qualcomm is trading at $116.96 after ending Friday's session at $113.43 (up 3.11%). Applied Materials is trading at $140.33 after ending Friday's session at $136.07 (up 3.13%).

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Core Durable Goods Orders is projected to outperform its last figure with -0.2%, having previously been at -0.3%. The figure will be published tomorrow at 12:30 UTC. United States Building Permits is expected tomorrow at 12:00 UTC. United States New Home Sales (May) is scheduled for tomorrow at 14:00 UTC.

The stock has been trending positively for about a year. The software-as-a-service company is up 4.58% from the significant low of $74.07 it hit 11 months ago.