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June 09, 2023
A quick look at yesterday: Zendesk moves 0.03% to close at $77.48 yesterday.
Zendesk's state is reflected by market data as data from United States concerning Initial Jobless Claims was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 233,000 to 261,000 this month. United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.39 trillion, while the previous figure was 8.39 trillion. United States Reserve Balances with Federal Reserve Banks released yesterday at 20:30 UTC with a figure of 3.31 trillion, while the previous figure was 3.21 trillion.
With regards to technical trend indicators, chart analysis show that investors are seeking long positions as Zendesk, Inc. price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Zendesk's upper Bollinger Band® is at $77.5, suggesting that a downward move may follow.
All in all, the technical analysis suggests Zendesk has no clear-cut direction.
Meanwhile, mixed performances were seen by other technology stocks as Adobe added 4.95% to its value, and traded at $439.03. Apple gained 1.55%, as it traded at $180.57. Oracle added 2.12% to its value, and traded at $107.48.
The stock has been trending positively for about 11 months. After hitting an important low of $54.53 approximately 11 months ago, the SaaS company has bounced back 42.05% since.
