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July 02, 2023
Friday at a glance: Zendesk moves 0.03% to close at $77.48 Friday.
Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, 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 were seen by other technology stocks as Apple gained 2.31%, as it traded at $193.97. NVIDIA added 3.63% to its value, and traded at $423. ServiceNow traded at $561.97 after closing Friday's trading day at $548.08 (up 2.53%).
Data to be released tomorrow might clear up some of the market fog as United States ISM Manufacturing PMI (Jun) scheduled to come out tomorrow at 14:00 UTC.
The stock has been trending positively for about a year. Having set a significant low of $74.12 11 months ago, the SaaS company is trading 4.51% higher.
