ZoomInfo Technologies (ZI) has recently experienced a significant development in its price movement. The RSI (Relative Strength Index) Indicator for ZI left the overbought zone on June 16, 2023, signaling a potential shift from an uptrend to a downtrend. This could be an indication for traders to consider selling the stock or exploring put options. Analyzing historical data, A.I.dvisor found 19 similar cases, with 18 of them resulting in successful outcomes. Based on this data, the odds of success in a potential downtrend are estimated to be around 90%.
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However, it's important to note that ZI had previously shown an upward trend. On May 16, 2023, the price of ZI rose above its 50-day moving average, suggesting a change from a downward trend to an upward trend. Looking at 27 similar instances in the past, the stock price continued to increase within the following month in 22 of those cases. This historical analysis provides a compelling 81% probability of a continued upward trend.
Examining the market capitalization of ZI in relation to the Packaged Software Industry, the average market capitalization in the industry is 8.27B. Market capitalization for tickers in the group ranges from 291 to 2.55T. Microsoft Corporation (MSFT) holds the highest valuation in this group at 2.55T, while the lowest valued company is BLGI at 291.
Analyzing the price movements within the Packaged Software Industry, the average weekly price growth is 3%. For the same industry, the average monthly price growth is 7%, and the average quarterly price growth is 23%. Notable outliers include WORX, which experienced the highest price growth at 240%, while NBCO saw the biggest fall at -80%.
ZoomInfo Technologies (ZI) is currently undergoing a potential shift in its price trend, with the RSI Indicator leaving the overbought zone. Traders should consider the odds of success in a downtrend and the historical data supporting a potential upward trend. Understanding the market capitalization and price dynamics of the Packaged Software Industry provides valuable insights for investment decisions.
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ZI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 37 cases where ZI's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on ZI as a result. In of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ZI just turned positive on October 14, 2024. Looking at past instances where ZI's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
ZI moved above its 50-day moving average on October 09, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ZI advanced for three days, in of 270 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where ZI's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ZI entered a downward trend on October 18, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ZI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.874) is normal, around the industry mean (30.698). P/E Ratio (59.407) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (5.144) is also within normal values, averaging (55.771).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ZI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company which provides cloud based platform that offers information on the organizations and professionals for sales and marketing teams
Industry PackagedSoftware