Today at a glance: Zendesk moves 0.03% to close at $77.48 today.
Zendesk is currently trading at $77.48 following the release of Services PMI data from the United States.
Zendesk's state is reflected by market data as United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5. United States Existing Home Sales (Mar) released yesterday at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 million. United States Philadelphia Fed Manufacturing Index (Apr) released yesterday at 12:30 UTC with a figure of -31.3, while the previous figure was -23.2.
Trend-following investors 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.
Meanwhile, mixed performances were seen by other technology stocks as SAP gained 5.59%, as it traded at $133.95. TSM went down 4.39%, closed at $89.29. Intel closed at $30.3 (down 1.81%).
The stock has been trending positively for about 10 months. Since its 52-week high of $126.15, the SaaS company has lost 38.59% over the last twelve months.