1
Zoom stock price (NASDAQ: ZM) is down by approximately 9% in the current month.
2
ZM stock price is stuck in a wide range of consolidation.
3
Zoom Video Communication is expected to release quarterly earnings on August 22, 2023.
Zoom Stock price (NASDAQ: ZM) fell 9.20% (approx.) in the current month. It seems like ZM stock price witnessed profit booking ahead of quarterly earnings and is returning back to the lower range.
Zoom stock price has stuck into the wide range between $64.00 to $74.00. Buyers tried multiple times to break the higher range but got rejected. It shows the dominance of sellers in the supply zone.
ZM stock price is trading below the 200-day EMA showcasing downtrend. However, the 50-day EMA slopes sideways indicating prices lacked direction and might continue to consolidate in a range.
At the end of May, Zoom Video Communications released the previous quarterly earnings. The company reported positive earnings an
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