A quick look at Friday: Zendesk moves 0.03% to close at $77.48 Friday.
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. Asset volatility analysis shows that Zendesk's upper Bollinger Band® is at $77.5, suggesting that a downward move may follow.
Overall, technical indicators suggest Zendesk has no obvious direction for the immediate future.
Meanwhile, mixed performances were seen by other technology stocks as Accenture plc Class A (Ireland) went down to $264.48, losing 5.92% after it closed at $281.12 Friday. Intuit went down to $385, losing 2.91% after it closed at $396.53 Friday. Adobe was up 3%.
Data to be released today might clear up some of the market fog as United States Building Permits (Nov) will be released tomorrow at 13:30 UTC.
The stock has been trending positively for about 5 months. 8 months ago the SaaS company reached a significant high of $129.12 but has consequently lost 40% since then.