Bullish on ZM to 94.50ishAfter bouncing off the 100 and 200 sma's and with consistently strong earnings, I'm bullish on Zoom Communications up to $94.50ish. You will have to hold through earnings, so make sure you trail it. Cheers!
5ZM trade ideas
ZMThis Week FORECAST
Opportunity for ZM. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Are we watching a reversal finally?Every 5 followed by a 3 means many things in Elliott wave theory.
For instance, could this thing freaking go already?
You have everything you need in order to rocket...
What is stopping you?
5 Waves cant be cleaner than they are?
ZOOM Backwards, minus Z, plus N equals MOON (Moon Math edition)Lines labeled.
Watch Trends.
Note Daily Time Frame.
Personally, I like 103 on a potential move to the upside.
There is a possibility of some small downside in the short term, but it's a favorable buy if you're bullish on Zoom.
Gap closes just over 100, I believe, so I'd use caution at that point.
I could see something like this if it wants to ride those short term trends upwards.
Breakout over this trend is likely to cause the higher price targets.
ZOOM OUT (lol, puns)
Weekly view.
RSI is the thing to note here. 74 vs 72 looking at a bounce, If you don't know indicators, this simply implies bullish still, it can break down pretty easily, but it needs to close the week that way.
This allows for a bigger view, which helps show how the price can justify such large swings.
Extreme lows are 14 and under.
Zoom (ZM) Looking to Breakout after Extended ConsolidationI really like this opportunity from ZM here. The stock is cheap on many metrics and the market is pricing in a bearish case. If ZM can post even minimal growth in 2024, the stock should rip.
We've had almost a year of consolidation in this $60-$74 range and we're attempting to break out. It's just a matter of time.
I'm targeting ~$97 to fill the gap made in August 2022. After such a long period of consolidation, a breakout should cause some short covering and bring in traders on a technical basis. If we break below the range, it would signal a failure and I would cut my losses
High probability trade
Target: $97 (+34%)
Stop Loss: $58 (-19%)
- Sultan of Chart
ZM huge volumeI wonder who absorbed all of this huge volume at these low prices.. I guarantee the explosion is under formation .. it is now around $70 and the target is not $120 but could be $240 regardless of the market condition.
Zoom (ZM) beat Q3 FY2024 revenue estimates with a 3.2% YoY- 📈 Zoom (NASDAQ:ZM) beat Q3 FY2024 revenue estimates with a 3.2% YoY increase to $1.14 billion.
- 💹 Revenue guidance for the full year exceeded analysts' estimates, but Q4 guidance of $1.13 billion was 0.3% below expectations.
- 💰 Non-GAAP EPS improved to $1.29 per share, up from $1.07 per share in the same quarter last year.
- 📊 Free Cash Flow increased by 56.6% to $453.2 million, and Net Revenue Retention Rate was 105%.
- 🌐 Zoom reported 3,731 enterprise customers paying more than $100,000 annually, a slight increase from the previous quarter.
- 📉 Despite beating revenue expectations, Zoom's Q3 results showed a modest 3.2% YoY growth, prompting attention to sales decline and slowing large customer momentum.
- 📉 The net revenue retention rate of 105% missed expectations, but the market is rewarding Zoom for robust cash generation.
- 📊 Zoom's stock is up 6% post-reporting, trading at $70.02 per share with a market capitalization of $19.3 billion and a $6.49 billion cash balance.
Bullish swing trade coming soon on ZM?Thank you as always for watching my analysis on NASDAQ:ZM
Please feel free to like, share, and comment this post!
zoom long zoom is setting up for a nice bullish move on the higher timeframes.
a medium squeeze in a nice long consolidation, now above all the moving averages an early entry is possible but safer is a break above consolidation area
ZM vision, cup+handle target gapBreak first trend line, retest. Break second trend line, retest. Cup(s) to fill gap.
May not form as soon as indicated in graphic.
ZOOM - WEEKLY BULLISH DIVERGENCE - BUY NOW In September 2022 we published the trading idea where we expected more downside for ZOOM:
Now it's time for an update and more details!
ZOOM price most likely is at the bottom now or very close to the bottom.
Weekly bullish divergences are not a joke. We expect at least 75 % pump.
What about the stop loss?
You can put a stop loss below the key support, however be careful! It may just fakeout below the support to kick you out from your trade.
ZOOM is down 88 % from its ATH. It's not a time to be bearish. DCA into ZOOM and enjoy the profit soon.
ZM Trading in Support ZoneI doubt Zoom is in for another 800% gain, but the company is far from worthless. Still down about 90% from its all time high and trading in an area that has historically acted as support.
Zoom (NASDAQ: ZM) Video Communications Beats Q3 TargetsZoom Video Communications (NASDAQ: ZM) beat expectations for its fiscal third quarter, but offered mixed guidance for the current period. Still, ZM stock rose in extended trading.
The San Jose, Calif.-based company earned an adjusted $1.29 a share on sales of $1.14 billion in the quarter ended Oct. 31. Analysts polled by FactSet had expected Zoom earnings of $1.09 a share on sales of $1.12 billion. On a year-over-year basis, Zoom earnings rose 21% while sales increased just 3%.
For the current quarter, Zoom predicted adjusted earnings of $1.14 a share on sales of $1.13 billion. That's based on the midpoint of its guidance. Analysts had been looking for earnings of $1.09 a share on sales of $1.13 billion in the fiscal fourth quarter. In the year-earlier period, Zoom earned $1.22 a share on sales of $1.12 billion.
Zoom closed its fiscal third quarter with 219,700 enterprise customers, up 5% from the same period last year.
Also, Zoom reported 3,731 customers contributing more than $100,000 in trailing 12 months' revenue, up 13.5% year over year. Lately, Zoom has been adding more productivity and artificial intelligence tools to its business communications platform.
On Sept. 5, it introduced Zoom AI Companion, a generative AI digital assistant. As of Oct. 30, the tool had generated more than 1 million meeting summaries.
Next year, Zoom plans to release Zoom Docs, an AI-powered workspace that can be used for documentation, project tracking and management tasks.
Technical Analysist
ZM is trading near the bottom of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price lower, and the stock still appears to have downward momentum.
Today, Zoom traders prepare for earnings resultsZoom is currently trading around $64.12 as market participants await the company's quarterly performance report, scheduled for release today.
Zoom's Performance
In Friday's trading, Zoom spiked to 64.76 and consolidated its gains before settling at 64.12.
At today's open, Zoom looks set to open around $64.25.
There were 4.22 million shares traded on the day, above the 2.68 million shares that would typically trade on an average day.
Over the past 5 days, Zoom has undergone a 3.49% appreciation.
So far this year, Zoom has underperformed the Nasdaq by 0.26%.
Zoom currently has a market cap of $19.30 billion.
Technical Outlook
Zoom Approaching Key Resistance Level at $65.34 and 66.53 thereafter.
Ket Levels:
R3 66.53
R2 65.34
R1 64.73
S1 63.54
S2 62.96
S3 61.77
ZM Zoom Video Communications Options Ahead of EarningsIf you haven`t sold ZM here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2023-11-24,
for a premium of approximately $1.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Buy ZOOM ahead of their earnings.I have made several big calls this past month of stocks which I think could rally after their earnings call, and ZOOM is one of them...
Here is a chart break down of ZOOM's price action since its IPO back in 2019.
Stock was earning 120 million trading at $105 a share back in 2019 before Covid19 even existed. The stock has been slaughter the past 24 months falling 90%. However the past 6 months there is real evidence that the stock is trying to form a bottom and I believe the stock is a buy here now that is is only 5% off its all time low.
In Q2 2023 back in August, ZOOM announced new features which they were adding to their service which included AI tools. fast forward 1 month and ZOOM announced that their AI tool had already performed 1 million meeting summaries which suggests that their new AI premium upgrade has been very successful. I expect the stock next Monday after the closing bell to announce higher revenue than expected and this could give a stock with no expectations what so ever the opportunity to rally higher towards my TP of $70 which is 13% higher than where the stock currently trades today.
ZM: Zoom has officially topped...Short it.I'm short $ZM since earlier today, I believe it has peaked here. Investors are likely to take profits now that competition has increased dramatically for them.
They thrived when the world was locked down due to the threat of COVID-19, but now that vaccines will be widely available and distributed globally very soon, holding shares has become extremely risky. I'd urge everyone holding to sell and buy something oversold with proceeds...If interested in knowing what to buy now, contact me.
A short here has very low risk, I think it can last for a long time falling, so do your own due diligence with sizing to not risk more than 1-2% if it goes against you by 3 average ranges.
Cheers,
Ivan Labrie.
Zoom CallsThe price drop slowed down on an all time low demand zone. And as per the price action, it seems we might see a small trend reversal up to $70 area where the price will hit strong supply area.
But if the price closes below $60, we will have to reconsider our entries.
Zoom short term shorthi Traders
Zoom (ZM) price is testing down sloping resistance line . It seems that one breakout already turned out to be a fake-out.
Consider entry at 70.50.
Target price at first support line at 65.00
Stop loss is shown on the chart
ZOOM: $245 | A Swan Dive looks like some folks are booking gains
opportunity to upsize forstrong hands
or get on board when banker is done shorting
ZoomDear Zoom, could you please decide on your direction if it doesnt bother you.
Sincerely... The holders.
Suggested impulsive path in yellow presented.
Red count would be bearish...
Waiting... for a sign of life
