90% Chance of Downtrend: ZoomInfo Technologies (ZI) Price Analysis and Market Overview
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 in -6.28% downward trend, declining for three consecutive days on September 20, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ZI declined for three days, in of 201 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 06, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ZI as a result. In of 51 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Aroon Indicator for ZI entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Moving Average Convergence Divergence (MACD) for ZI just turned positive on August 22, 2023. Looking at past instances where ZI's MACD turned positive, the stock continued to rise in of 31 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ZI advanced for three days, in of 206 cases, the price rose further within the following month. The odds of a continued upward trend are .
ZI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (2.730) is normal, around the industry mean (21.161). P/E Ratio (51.546) is within average values for comparable stocks, (153.203). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.676). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (5.371) is also within normal values, averaging (74.261).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 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 90, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a holding company which provides cloud based platform that offers information on the organizations and professionals for sales and marketing teams
Industry PackagedSoftware
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ZI and
Correlation & Price change
A.I.dvisor indicates that over the last year, ZI has been loosely correlated with OMCL. These tickers have moved in lockstep 58% of the time. This A.I.-generated data suggests there is some statistical probability that if ZI jumps, then OMCL could also see price increases.