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May 23, 2023
A quick look at yesterday: Zendesk moves 0.03% to close at $77.48 yesterday.
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.
Overall, technical indicators suggest Zendesk has no obvious direction for the immediate future.
Meanwhile, mixed performances were seen by other technology stocks as Intuit added 1.81% to its value, and traded at $454.11. Microsoft gained 0.89%, as it traded at $321.18. AMD was up 2.06%.
Data to be released today might clear up some of the market fog as tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -920,000 from the preceding figure of 5 million. United States New Home Sales (Apr) is scheduled for today at 14:00 UTC. United States Services PMI figure is projected at 52.6. It previously stood at 53.6; data will be released today at 13:45 UTC.
The stock has been trending positively for about 11 months. Zendesk hit a significant low of $54.53 around 11 months ago, but has since recovered 42.05%.
