Zendesk on course to end the session unchanged around $77.48

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

Zendesk's state is reflected by market data as United States Average Hourly Earnings beat analyst expectations of 0.3% and the previous reading of 0.3% with new data of 0.5%. United States Non Farm Payrolls came out at 253,000, better than analyst estimates of 180,000 and improving upon the previous reading of 165,000. United States Unemployment Rate came out at 3.4, better than analyst estimates of 3.6 and improving upon the previous reading of 3.5.

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 gained 4.62%, currently at $173.44. Adobe is trading at $348.44 after ending yesterday's session at $335.83 (up 3.75%). Texas Instruments is up 3%.

The stock has been trending positively for about 10 months. The SaaS company is trading 37.35% lower compared to the $123.65 high it reached over the past year.