ZI potential Buy setupReasons for bullish bias:
- Bullish candles at support
- Positive Earnings
Here are the recommended trading levels:
Entry Level(CMP): 12.80
Stop Loss Level: 11.43
Take Profit Level 1: 15.75
Take Profit Level 2: 18.93
Take Profit Level 3: Open
Safe entry will be above 19 at the breakout of consolidation phase.
Zi
ZI, Zooming In massive price Growth!ZI is registering massive net buying volume this past few weeks with numbers surging +440% from its average numbers -- from 10.77M to 58.34M. This is hinting that buyers are already positioning of the company's future upside growth. This, not only in technical aspect but fundamentally as well. Based on recent earnings call, ZoomInfo beats Q1 earnings and revenue estimates cementing the current price range as the new base for the incoming series of ascend.
Mar 2023 EPS beat by 9.75%
Histogram shift has materialized this month after almost 11 months of waiting -- last one was on August 2022. This is conveying that a long term price reversal is already in play.
Bubble up volume (bottom indicator) finally appeared after 9 months. Last appearance was on October 2022. This should give some confidence for holders at the current discounted price.
MONTHLY DESCENDING TRENDLINE BREAK is about to materialize.
Spotted at 26.0
TAYOR
Safeguard capital always.
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FUNDAMENTAL / FINANCIAL REFERENCE:
From Y Finance.
ZoomInfo (ZI) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this company would post earnings of $0.22 per share when it actually produced earnings of $0.26, delivering a surprise of 18.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
ZoomInfo , which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $300.7 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 0.26%. This compares to year-ago revenues of $241.7 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ZoomInfo shares have lost about 27.2% since the beginning of the year versus the S&P 500's gain of 8.6%.
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Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 300.7M 24.41%
Net income 44.5M 617.74%
Diluted EPS 0.11 450%
Net profit margin 14.8% 475.88%
Operating income 66.4M 87.04%
Net change in cash 59.7M 30.66%
Cash on hand - -
Cost of revenue 35M 7.03%
US Stock In Play: $ZI$ZI very clustered chart at first look but plenty of significant technical build up in this name
-double bottom basing chart with RS since feb
-2 weeks price coiling between both VWAPs IPO and ATH
-price action rejection at 200MA on 3 period since jan
all points to $61 breakout
Death Cross Over ZoomInfo Technologies.If history is any guide, there may be trouble ahead for shares of ZoomInfo Technologies. A so-called death cross has formed on its chart and, not surprisingly, this could be bearish for the stock.
Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
The 50-day and the 200-day simple moving averages are commonly used.
The death cross occurs when the 50-day moves below the 200-day. This could mean the long-term trend is changing.
That just happened with ZoomInfo Technologies, which is trading around $52.80 at the time.
Seasoned investors don't blindly trade Death Crosses.
Instead, they use it as a signal to start looking for short positions based on other factors, like price levels and company fundamentals & events.
For seasoned investors, this is just a sign that it might be time to start considering possible short positions.
ZI Long idea. 20%+ upside potentialZi has been on a run for the past couple of months forming amazing ascending channel. It is currently resting at support and opening a long position should be relatively low risk if we use SL below the support. From my analysis, we could potentially be at the start of a minor wave 3 of the major wave 3 which could produce a massive move to the upside. Currently ZI is at 64 but this could bounce from here and start a new move to the upside. Since this is not guaranteed we will want to cut out losses below 60-63 range depending on your risk tolerance.
ZI huge breakout on earningsWatching NASDAQ:ZI for strong breakout after positively surprised earnings report. Price made a nice move after-hours and opened with a gap.
I added starter right on the opening bell and gonna double or triple my positionif it shows strength on the open.
ZI - Ready to get going It's been a while but looks like it's getting ready for a move higher now.
But, if this updated count is to be correct, we will see only one push higher before seeing it pullback again, since it seems we got a Triangle here.
For those among you who are not familiar with the Elliott Wave Theory, know that Triangle corrections occur in the position prior to the final actionnary wave in the pattern of one larger degree.
Meaning, we will see a wave C higher and then correct most of, if not all, of this ABC rise.
Note that wave C often is equal to 61.8%, 100% or 161.8% of wave A.
This gives potential targets at 55$, 65$ and 85$.
I don't think the 55$ a big hurdle to overcome, we have to primarly focus on the 65$ which is also the all time high for this stock.
ZI - Continuing higher if support holds, else down to 35/38We're in a decision point here.
If support holds , we should see a small base form and price continue to go higher , in which case you can buy on a break out of the consolidation.
If we do break below support , chances increase for this to be a Flat correction and should therefore see price go down to the marked support zone.
Here's an idealised Flat correction
Note that here are different types/names of Flats depending of where wave C end. Look it up if you want to learn a bit more.
Stocks to Watch 12/06/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 30 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Trade the ZigZag in USDCADLike I forecasted , the first target is reached (Look at the related idea and the comments I've posted yesterday). Now I'm waiting for wave C down to TP2 near 1.2850.
