Zendesk trades at $77.48, after ending Friday at $77.46.
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. Asset volatility analysis shows that Zendesk's upper Bollinger Band® is at $77.5, suggesting that a downward move may follow.
With market volatility ebbing, the current technical outlook indicates Zendesk will remain range-bound for the immediate future.
Meanwhile, mixed performances are seen in other technology stocks as AMD is trading at $95.41 after ending Friday's session at $89.84 (up 6.2%). After closing the previous session (Friday) at $93.86, Sony Group Corporation lost $1.52 and is trading around $92.34. After closing the previous session (Friday) at $348.4, Adobe lost $5.37 and is trading around $343.03.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 16:00 UTC.
The stock has been trending positively for about 10 months. Zendesk has shed $36.4 points and is languishing 31.97% lower over the past year, leaving its yearly highs around $102.15 in the rear-view mirror.