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April 24, 2023
A quick look at Friday: Zendesk moves 0.03% to close at $77.48 Friday.
With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that 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 SAP was up 5.59%. TSM went down 4.39%, closed at $89.29. Intel went down 1.81%, closed at $30.86.
Data to be released today might clear up some of the market fog as United States Building Permits scheduled to come out tomorrow at 13:30 UTC. United States New Home Sales (Mar) is scheduled for tomorrow at 14:00 UTC. As things stand, upcoming United States Consumer Confidence data is projected to fall short of market expectations with newly published data of 104, following on from the preceding figure of 104.2. New data is set to be published tomorrow at 14:00 UTC.
The stock has been trending positively for about 10 months. Having set a significant high of $123.65 11 months ago, the software-as-a-service company is trading 37.36% lower.
