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.
Aroon Indicator for ZS shows an upward move is likely
ZS's Aroon Indicator triggered a bullish signal on June 09, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 312 similar instances where the Aroon Indicator showed a similar pattern. In of the 312 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 08, 2023. You may want to consider a long position or call options on ZS as a result. In of 71 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 ZS just turned positive on May 08, 2023. Looking at past instances where ZS's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
ZS moved above its 50-day moving average on May 08, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ZS crossed bullishly above the 50-day moving average on May 16, 2023. 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ZS advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 June 02, 2023. 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.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ZS’s price grows at a lower 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 89, 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 (36.101) is normal, around the industry mean (31.535). P/E Ratio (0.000) is within average values for comparable stocks, (167.703). Projected Growth (PEG Ratio) (1.558) is also within normal values, averaging (4.118). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (14.472) is also within normal values, averaging (77.847).
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.
Notable companies
Industry description
Market Cap
High and low price notable news
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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 78% 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.
