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June 15, 2023
Yesterday at a glance: Zendesk moves 0.03% to close at $77.48 yesterday.
United States Initial Jobless Claims is next today at 12:30 UTC.
This uncertain state for Zendesk is reflected by published market data as United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was 5.25. United States Crude Oil Inventories improved upon its previous reading of -451,000 with a new data release of 7.92 million. Data from United States concerning Producer Price Index was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.2% to -0.3% this month.
Trend analysis indicates that investors are seeking long positions as Zendesk, Inc. price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, 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.
Meanwhile, mixed performances were seen by other technology stocks as Intel gained 4.92%, as it traded at $35.58. Oracle traded at $122.27 after closing yesterday's trading day at $116.68 (up 4.79%). NVIDIA added 4.81% to its value, and traded at $429.97.
Data to be released today might clear up some of the market fog as United States Retail Sales projected to come out at -0.1% — worse than previous data of 0.4%; data will be released today at 12:30 UTC. Today at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to 0.1% from the preceding figure of 0.4%. United States Philadelphia Fed Manufacturing Index (Jun) will be released today at 12:30 UTC.
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.
