Yuan meanwhile sounded upbeat on the company’s outlook. Also, it would be the slowest growth for Zoom since it went public. Its forecasted topline growth in the fourth quarter is only 18.4% which is a fraction of the over 300% annual growth that it reported last year. Markets have been concerned about the company’s slowing growth. The company’s earnings and guidance were better than expected, still, the stock tumbled after the earnings release. Last month, Zoom released its fiscal third-quarter 2022 earnings for the three-month period ended October. Considering the positive sentiments towards stay-at-home stocks, we could see some upwards momentum in Zoom also.Ħ8% of all retail investor accounts lose money when trading CFDs with this provider. However, its 12,26 MACD (moving average convergence divergence) gives a buy signal while the 14-day RSI (relative strength index) is a neutral indicator.Īfter being in a downwards price channel, ZM stock is looking at a breakout. The 50-day SMA has been a key resistance level for the stock. Zoom stock is trading below most moving averages like the 50-day, 100-day, and 200-day SMA. What’s the forecast for Zoom stock and is it a good buy for 2022? Zoom stock technical analysis However, stay-at-home stocks have been in focus after the emergence of the omicron variant. There has been a sell-off in all the stay-at-home stocks as investors instead pivoted towards cyclical and reopening stocks. The stock has recovered 14% from its 52-week lows even as it trades at less than half of its 52-week highs. Zoom Video Communication (NYSE: ZM) stock rose 9.5% on Friday and was in the green in the premarket price action today. The content on this page is for information purposes only. Please note that we are not authorised to provide any investment advice.
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