An influx of buyers helped Zendesk to end the session higher around $76.35, while establishing a $76.15 to $76.42 session range yesterday.
- United States New Home Sales (Sep) is next today at 14:00 UTC.
- Zendesk has been pretty quiet for the last a month, trading mostly flat and moving by only 0.88 cents on average.
Earlier data releases related to Zendesk – Consumer Confidence in United States fell short of market expectations (106.5) with a reading of 102.5, continuing the decline from the previous figure of 107.8. United States API Weekly Crude Oil Stock came out at 4.52 million, while a consensus of analysts was expecting 200,000.
Here is the technical analysis of Zendesk before its data is released:
Zendesk, Inc.'s upper Bollinger Band® is at $76.83, suggesting that a downward move may follow. In contrast, Zendesk reversed direction at $76.19 support zone and climbed 16 cents above it.
Despite the market lacking direction, technical chart analysis strongly suggests Zendesk is positioned for a downward move in the near term.
Coming up for Zendesk — United States GDP is projected to outperform its last figure with 2.4. It previously stood at -0.6; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with 1 million. It previously stood at -1.73 million; data will be released today at 14:30 UTC.
As the markets get ready for more data to be released — SAP gained 5.83%, as it traded at $96.32. Coherent, Inc. traded at $33.85 after closing yesterday's trading day at $32.22 (up 5.06%). NVIDIA traded at $132.61 after closing yesterday's trading day at $126 (up 5.25%).
The stock has been trending positively for about 4 months. Zendesk has shed 37.47% over the past six months.