A quick look at Friday: Zendesk moves 0.03% to close at $77.48 Friday.
Technical analysis trend indicators suggest 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 Apple was up 3.51%. Sony Group Corporation traded at $85.74 after closing Friday's trading day at $83.34 (up 2.88%). Adobe gained 3.16%, as it traded at $344.04.
Data to be released today might clear up some of the market fog as United States Fed Chair Powell testimony is scheduled for tomorrow at 15:00 UTC. United States EIA Short-Term Energy Outlook scheduled to come out tomorrow at 17:00 UTC.
The stock has been trending positively for about 8 months. The software-as-a-service company is now trading 40% below the significant high of $129.12 it set around 10 months ago.