Yesterday at a glance: Zendesk moves 0.03% to close at $77.48 yesterday.
Zendesk is currently trading at $77.48 following the release of EIA Short-Term Energy Outlook data from the United States.
This uncertain state for Zendesk is reflected by published market data as United States API Weekly Crude Oil Stock came out at -6.43 million, while a consensus of analysts was expecting -3.88 million. United States Trade Balance (Oct) released yesterday at 13:30 UTC with a figure of -78.2 billion, while the previous figure was -74.1 billion. Data from United States concerning Exports was released yesterday at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 258.5 billion to 256.6 billion this month.
Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that 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 Accenture plc Class A (Ireland) lost 2.5% yesterday and closed at $285.41. Apple drops 2.54% yesterday to close at $146.63. AMD lost 4.55% yesterday and closed at $70.27.
Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -3.31 million, having previously been at -12.58 million. The figure will be published today at 15:30 UTC. United States Initial Jobless Claims expected to decline to 230,000 while its preceding data was 225,000, data will be available tomorrow at 13:30 UTC.
The stock has been trending positively for about 5 months. The software-as-a-service company is now trading 40% below the significant high of $129.12 it set around 7 months ago.