Zscaler (ZS) Soars +12.23% in May: A.I. Predicts Continued Uptrend Based on Historical Data
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Zscaler (ZS) is a cloud-based security company that offers a range of services, including internet security, cloud security, and secure access services. Recently, the company's stock has been gaining momentum in the market, making it one of the top gainers for the month. In this blog post, we will take a closer look at ZS's recent performance and what it means for the company's future.
ZS: A Top Gainer in the Packaged Software Industry
Zscaler (ZS) has been making waves in the packaged software industry, with its stock soaring by 12.23% in the past month to $118.35 per share. A.I.dvisor analyzed 935 stocks in the industry and found that 36.65% of them were in an uptrend, while 63.35% were in a downtrend. ZS was one of the stocks exhibiting an uptrend, which is a promising sign for investors.
Historical Data Suggests an Uptrend Continuation
A.I.dvisor also found 410 similar cases when ZS's price jumped over 10% within one month. In 276 out of those 410 cases, ZS's price went up during the next month. Based on this historical data, A.I. thinks the odds of ZS rising next month are 67%. This suggests that ZS's uptrend is likely to continue, making it a good investment opportunity for those looking to capitalize on its growth.
ZS in +8.22% Uptrend for Three Consecutive Days
ZS has been growing for three consecutive days on May 10, 2023, which is considered a bullish sign. When ZS advanced for three days, A.I.dvisor analyzed 340 cases and found that in 285 of those cases, the price rose further within the following month. This indicates that the odds of a continued upward trend for ZS are 84%.
High Correlation with CRWD
A.I.dvisor indicates that ZS has been closely correlated with CRWD over the past year. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests that if ZS jumps, then CRWD could also see price increases, making it another good investment opportunity for those looking to capitalize on the growth of the packaged software industry.
Zscaler (ZS) has been one of the top gainers in the packaged software industry, with its stock soaring by 12.23% in the past month. A.I.dvisor's analysis of historical data suggests that the odds of ZS continuing its uptrend are high, making it a good investment opportunity for those looking to capitalize on its growth. Additionally, ZS's high correlation with CRWD suggests that there is a good chance that both stocks will see price increases, making CRWD another good investment opportunity in the packaged software industry.
ZS in upward trend: 10-day moving average crossed above 50-day moving average on October 11, 2024
The 10-day moving average for ZS crossed bullishly above the 50-day moving average on October 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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.
ZS moved above its 50-day moving average on October 08, 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 ZS advanced for three days, in of 362 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 290 cases where ZS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ZS moved out of overbought territory on October 16, 2024. 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 50 similar instances where the indicator moved out of overbought territory. In of the 50 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 October 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ZS as a result. In of 68 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 October 23, 2024. 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 .
ZS broke above its upper Bollinger Band on October 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 88, placing this stock slightly better than average.
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 (30.030) is normal, around the industry mean (30.698). P/E Ratio (0.000) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (1.013) 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 (14.903) 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 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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General Information
an antivirus & cloud security platform
Industry PackagedSoftware