Zscaler Faces Bearish Pressure Before Q2: Can Earnings Spark A Reversal?

Core Viewpoint - Zscaler Inc is set to report its second-quarter earnings, with Wall Street expecting an EPS of 69 cents and revenues of $635.56 million, while the stock has experienced a decline of 7.09$192.17 [2] - Key simple moving averages indicate downward momentum, with the eight-day at $193.62, 20-day at$203.06, and 50-day at $195.44 [2] - The Moving Average Convergence Divergence (MACD) indicator at negative 2 suggests that bearish momentum remains intact, although there are signs of buying pressure [3] Group 2: Technical Indicators - Zscaler's 200-day simple moving average at$188.51 is below the current stock price, indicating longer-term support [3] - The Relative Strength Index (RSI) at 43.06 suggests that the stock is not yet oversold but may be approaching a level where buyers could step in [3] Group 3: Analyst Ratings and Price Targets - The consensus analyst rating on Zscaler stock is currently a Buy, with a price target of $227.79 [5] - Recent analyst ratings from Rosenblatt, Barclays, and Mizuho imply a 15.59$221.67 [5]