Zendesk moves 0.03% to close at $77.48 yesterday.
- United States Consumer Price Index is next.
- Zendesk has been pretty quiet for the last 10 days, trading mostly flat and moving by only 18.6 cents on average.
Technical analysis of Zendesk before macro data is released:
Trend-focused traders would be interested to note 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.
All in all, the technical analysis suggests Zendesk has no clear-cut direction.
Coming up for Zendesk — United States Consumer Price Index figure is projected at 0.5%. It previously stood at 0.1%; data will be released today at 13:30 UTC. United States Retail Sales is projected to outperform its last figure with 1.8%. It previously stood at -1.1%; data will be released tomorrow at 13:30 UTC.
As the markets get ready for more data to be released — Microsoft traded at $271.32 after closing yesterday's trading day at $263.1 (up 3.12%). Apple gained 1.88%, as it traded at $153.85. Intel was up 2.7%.
The stock has been trending positively for about 8 months. 9 months ago the SaaS company reached a significant high of $129.12 but has consequently lost 40% since then.