Zscaler May Be OversoldZscaler recently climbed to a three-year high, and now it’s pulled back.
The first pattern on today’s chart is the May 30 gap after earnings and revenue beat estimates. That may reflect positive fundamentals.
Second, the cybersecurity stock has retraced half the move following results. Stabilizing
−0.000 BRL
−292.30 M BRL
10.98 B BRL
About Zscaler Inc
Sector
Industry
CEO
Jagtar Singh Chaudhry
Website
Headquarters
San Jose
Founded
2007
ISIN
BRZ2SCBDR000
FIGI
BBG014XMCJP3
Zscaler, Inc. engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA.
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ZS is starting the early sign of the Wyckoff distribution phaseMarkup (Phase E) that has been going on for months. But look closer. The momentum is getting tired. The daily chart is where the truth comes out. After that magnificent run, the price has stalled and started moving sideways for a month.
Entry Level: Initiate a trade if ZS rallies to the $325 - $32
ZS - Breakout Confirmed — Now What?Zscaler has broken out of a year-long ceiling with volume and momentum — as long as it holds above $275, the trend has shifted bullish and targets $310+ are now in play.
1. Structural Breakout
That resistance zone capped price for over a year — multiple failed attempts, including the November–Dece
Zscaler Inc. (ZS) – Multi-Year Breakout with Target at $700📅 1D Chart | Smart Money Concepts | Fibonacci Extensions | Volume Profile
Price: $301.19 | Volume: 1.59M
ZS has officially broken through its prior consolidation structure and is now trading firmly in premium territory. With the 0.786 Fib level at $298.27 now reclaimed, momentum traders are eyeing
Attempting a break above the resistance NASDAQ:ZS is looking at a potential break to the upside after the stock has crossed above all ichimoku indicators. Additionally, long-term MACD is showing a constant steady flow of upside momentum. Beside that, mid-term stochastic has rebounded above the 20-oversold line with %K and %D crosses, ris
$270 Target by June 20thThe Cyber Security space is one I anticipate to gain a lot of traction this year due to current economic environment. NASDAQ:CRWD Is already trading at a premium even though the market has had a downturn recently. NASDAQ:ZS is the only ticker comparable to it in terms of fundamental strength. I
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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