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Zscaler Inc (ZS) Stock: What Does the Chart Say Friday?

Friday, May 14, 2021 03:15 PM | InvestorsObserver Analysts
Zscaler Inc (ZS) Stock: What Does the Chart Say Friday?

Overall market sentiment has been down on Zscaler Inc (ZS) stock lately. ZS receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Zscaler Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ZS!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ZS Stock Today?

Zscaler Inc (ZS) stock is trading at $165.29 as of 3:10 PM on Friday, May 14, a rise of $4.37, or 2.72% from the previous closing price of $160.92. The stock has traded between $161.63 and $166.16 so far today. Volume today is low. So far 1,007,116 shares have traded compared to average volume of 1,689,253 shares.

To see the top 5 stocks in the Software - Infrastructure industry click here.

More About Zscaler Inc

Zscaler Inc is a security-as-a-service firm that offers its customers cloud-delivered solutions for protecting user devices and data. The firm leverages its position in 150 colocation data centers to deliver traditionally appliance-based security functionality, such as firewalls and sandboxes, as a completely cloud-native platform. The firm focuses on large enterprise customers and offers two primary product suites: Zscaler Internet Access, which securely connects users to externally managed applications and websites (such as Salesforce and Google), and Zscaler Private Access, which securely connects users to internally managed applications. Both product suites encompass a broad gamut of capabilities situated across the traditional security stack.

Click Here to get the full Stock Score Report on Zscaler Inc (ZS) Stock.

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