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April 30, 2023
A quick look at Friday: Zendesk moves 0.03% to close at $77.48 Friday.
Trend and momentum analysis indicates 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 Sony Group Corporation lost 5.7% Friday and closed at $89.67. Intel traded at $31.06 after closing Friday's trading day at $29.86 (up 4%). Intuit traded at $443.95 after closing Friday's trading day at $429.16 (up 3.45%).
Data to be released tomorrow might clear up some of the market fog as United States ISM Manufacturing PMI (Apr) will be released tomorrow at 14:00 UTC.
The stock has been trending positively for about 10 months. The software-as-a-service company is now trading 37.36% below the significant high of $123.65 it set around 11 months ago.
