Technical Washout Creates ZS Opportunity at $118.05
Bullish
Apr 11, 2026 at 2:47 AM
•
$118.05
(-3.42%)
Zscaler Inc (ZS) slipped 3.42% to $118.05 on April 11.
From a technical standpoint, the outlook appears bearish:
Momentum
RSI at 26.7 is approaching oversold territory, which may present buying opportunities. MACD reads -9.12 against its -8.12 signal line (bearish).
Moving Averages
Moving averages are stacked bearishly—price below the 9-day at $132.93, resistance at 21-day ($141.28).
Volatility
Price has pierced the lower Bollinger Band ($121.34), which often precedes a bounce.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $121.34.
Watch $121.34 as support and $163.07 as resistance.