| 
June 03, 2023
A quick look at yesterday: Zendesk moves 0.03% to close at $77.48 yesterday.
Zendesk's state is reflected by market data as highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 339,000. Data from United States concerning Average Hourly Earnings was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.4% to 0.3% this month. United States Unemployment Rate published yesterday at 12:30 UTC came out at 3.7, falling short of the 3.5 projections and continuing its decline from the previous 3.4 figure.
Technical analysis trend indicators suggest 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.
The current technical outlook indicates Zendesk will continue to ebb sideways within tight ranges for the immediate future.
Meanwhile, mixed performances were seen by other technology stocks as IBM added 2% to its value, and traded at $132.42. Accenture plc Class A (Ireland) gained 2.03%, as it traded at $311.39. Adobe traded at $436.37 after closing yesterday's trading day at $426.75 (up 2.25%).
The stock has been trending positively for about 11 months. The SaaS company is now trading 42.05% above the significant low ($54.53) it slumped to 11 months ago.
