Slow start to the session for Zendesk as it idles around $77.48

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

Technical analysis trend indicators suggest 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.

The current technical outlook indicates Zendesk will continue to ebb sideways within tight ranges for the immediate future.

Meanwhile, mixed performances are seen in other technology stocks as Apple is up 2.15%. SAP is up 2.04% to $119.29. Sony Group Corporation is trading at $87.58 after ending Friday's session at $85.74 (up 2.14%).

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Fed Chair Powell testimony is expected tomorrow at 15:00 UTC. United States EIA Short-Term Energy Outlook will be released tomorrow at 17:00 UTC.

The stock has been trending positively for about 8 months. The SaaS company has fallen back around 40% from the significant high of $129.12 set 10 months ago.