Swing Trading in Choppy Markets: Market Neutral Strategy Yields 19.22% for ZS
Swing Trader Choppy Market Trader's Market Neutral Strategy Delivers Stellar Performance for ZS
The dynamic world of stock trading embraces a plethora of strategies that strive to generate optimum returns, and Market Neutral Strategy by Swing Trader Choppy Market Trader has been making waves in this realm. A significant 19.22% return was generated for ZS, showcasing the effectiveness of their unique trading strategy, which involves a mix of technical analysis (TA) and fundamental analysis (FA).
ZS, a popular stock amongst investors, demonstrated an encouraging sign that points to potential growth. On July 6, 2023, its 50-day moving average, a crucial technical indicator, crossed bullishly above its 200-day moving average. This development is often considered a long-term bullish signal, indicating a possible shift in the stock's direction towards an upward trend.
The 50-day moving average is widely regarded as a critical short-term trend indicator, while the 200-day moving average is viewed as a barometer of a longer-term trend. When the 50-day moving average moves above the 200-day moving average, as seen in ZS's case, it's often referred to as a "golden cross" in technical trading circles.
In this instance, the golden cross indicates that ZS's average closing price over the last 50 days is higher than its average closing price over the past 200 days. This is usually interpreted as a sign of increased bullish momentum for the stock and may lead to heightened investor confidence.
Swing Trader Choppy Market Trader's Market Neutral Strategy evidently performed well with ZS. This strategy, relying on both TA and FA, provides the means to exploit market inefficiencies, allowing the traders to benefit irrespective of the overall market conditions. This multi-faceted approach provides a well-rounded perspective on the stock, combining price trends, momentum, and other technical aspects with the evaluation of a company's intrinsic value, financial health, and industry position.
Given the bullish signals and the recent performance of ZS, it is anticipated that this trading strategy may continue to deliver promising results. Swing Trader Choppy Market Trader's Market Neutral Strategy indeed stands as a testament to the power of blending technical and fundamental analysis, yielding impressive returns for ZS.
ZS in downward trend: price dove below 50-day moving average on September 25, 2023
ZS moved below its 50-day moving average on September 25, 2023 date and that indicates a change from an upward trend to a downward trend. In of 36 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for ZS moved out of overbought territory on September 12, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ZS as a result. In of 73 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 Moving Average Convergence Divergence Histogram (MACD) for ZS turned negative on September 19, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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 10-day moving average for ZS crossed bullishly above the 50-day moving average on September 05, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 ZS advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .
ZS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 325 cases where ZS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ZS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
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 (30.769) is normal, around the industry mean (21.026). P/E Ratio (0.000) is within average values for comparable stocks, (152.725). Projected Growth (PEG Ratio) (1.551) is also within normal values, averaging (2.638). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (13.605) is also within normal values, averaging (74.081).
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 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.
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Industry description
Market Cap
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an antivirus & cloud security platform
Industry PackagedSoftware
ZS and
Correlation & Price change
A.I.dvisor indicates that over the last year, ZS has been closely correlated with CRWD. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if ZS jumps, then CRWD could also see price increases.