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Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Zoom stock price gained 1.04% in intraday on Tuesday and closed at $63.84.&nbsp;</a></li>
 <li><span>2</span> <a>Zoom Video Communications’ stock price suffered rejection from the 200-day EMA and declined below the 50-day EMA.&nbsp;</a></li>
 <li><span>3</span> <a>ZM share price is nearing a strong demand zone from where the bulls may take control.&nbsp;</a></li>
</ul>
<p>Zoom Video Communications (ZM) stock price showcases a slight bearish outlook in the near term below the key exponential moving averages. The stock price has been facing selling pressure in the short-term since the price attempted to surge above the 200-day EMA.<br><br>Moreover, the price faced rejection from the immediate resistance of $75 and declined. Thereafter, the sellers dominated and dragged the price down near the support of $60 in the past month losing more than 15%.&nbsp;</p>
<p>Furthermore, the price trend analysis in the last two quarters illustrates a sideways and range bound. The Zoom stock price has been hovering in a 20% range with support near the $60 level and resistance at $75.&nbsp;</p>
<p>Analysts offering a 1-year price forecast for Zoom Video Communications have a maximum estimate of $105 with an upside potential of 64.47% and a minimum estimate of $66 with an upside potential of 3.38% from the CMP.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1451" height="772" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-517.png" alt="Zoom Stock Price Turning Bullish Near The Lows: Buy Now or Wait?" class="wp-image-176602" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-517.png 1451w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-517-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-517-1024x545.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-517-768x409.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-517-750x399.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-517-1140x607.png 1140w" sizes="(max-width: 1451px) 100vw, 1451px">
  <figcaption class="wp-element-caption">
   Source: barchart.com
  </figcaption>
 </figure>
</div>
<p>ZM stock option-chain analysis states that the current implied volatility in the market is 38.64% with an increment of 0.92% in the last trading session. The at-the-money strike has an OI of 746 on the PUT side and 489 on the CALL side indicating the buyers dominating at the CMP.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-zm-stock-price-turning-bullish-near-the-lows-strong"><strong>ZM Stock Price Turning Bullish Near The Lows&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-516.png" alt="Zoom Stock Price Turning Bullish Near The Lows: Buy Now or Wait?" class="wp-image-176601" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-516.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-516-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-516-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-516-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-516-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-516-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-516-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: Zoom Video Communications&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The <a href="https://www.thecoinrepublic.com/2023/10/11/zoom-stock-analysis-will-zm-stock-break-the-range-downward/" target="_blank" rel="noopener noreferrer nofollow">ZM stock</a> price currently trades at $63.84 and has shown a halt to the declining trend as the price is nearing the demand zone. The Zoom stock might turn bullish if it gets the buyers’ support near the support.&nbsp;&nbsp;</p>
<p>The long-term trend may remain sideways until the price hovers in the range. The breakout or breakdown of the range may decide a clear trend on either side.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-emas-show-weakness-in-short-term-strong"><strong>EMAs Show Weakness In Short-Term</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-518.png" alt="Zoom Stock Price Turning Bullish Near The Lows: Buy Now or Wait?" class="wp-image-176603" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-518.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-518-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-518-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-518-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-518-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-518-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-518-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: Zoom Video Communications&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The daily <a href="https://www.thecoinrepublic.com/2023/10/11/zoom-stock-analysis-will-zm-stock-break-the-range-downward/" target="_blank" rel="noopener noreferrer nofollow">ZM stock price</a> chart shows that the price shows frequent crossover of the 50-day and 200-day indicating a volatile and sideways trend prevailing.&nbsp;</p>
<p>The overall technical opinion rating including RSI and MACD is signaling a 90% “sell” with the strengthening short-term outlook on maintaining the current direction.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Zoom Video Communications (ZM) stock price is slightly bearish below the key EMAs. The price faced resistance at $75 and declined to $60 in the past month. The price has been range-bound between $60 and $75 for the last two quarters.&nbsp;</p>
<p>Analysts have a maximum estimate of $105 and a minimum estimate of $66 for the next year. The price may turn bullish if it finds support near $60. The long-term trend may depend on the breakout or breakdown of the range.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support levels:</strong> $62.33 and $59.98</li>
 <li><strong>Resistance levels:</strong> $71.19 and $74.61</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Zoom Stock Price Turning Bullish Near The Lows: Buy Now or Wait?

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