ZipRecruiter Inc. (ZIP) is a $1B publically traded company operating an online hiring platform.
Its stock is zipping new lows on absolute and relative terms.
ZIP completed a year-long topping formation as price undercut a shelf of former lows.
New 52-week lows for ZIP accompanied fresh lows versus the broader market, confirming last week’s downside resolution.
As if new lows aren’t enough, ZIP trades below a 200-day moving average on the verge of rolling over as the structural downtrend persists.
Buyers beware: Downside risks prevail.
For more technical analysis sign up for the FREE Chart Of The Day.
Recent Posts
Technical Analysis of Gap Inc.
Gap Inc. is a leading global retailer that offers clothing, accessories, and personal care products for men, women, and children. With a portfolio of well-known brands including Gap, Old Navy, Banana Republic, and Athleta, Gap Inc.
Technical Analysis of CCC Intelligent Solutions
CCC Intelligent Solutions Holdings, Inc. is a provider of innovative cloud, mobile, telematics, hyperscale technologies, and applications for the property and casualty (“P&C”) insurance economy.
Technical Analysis of Dick's Sporting Goods Inc.
Dick's Sporting Goods Inc. is a leading sporting goods retailer that offers a wide range of athletic apparel, footwear, equipment, and accessories.
Technical Analysis of Credo Technology Group Holdings
Credo Technology Group Holding Ltd. engages in the development of connectivity solutions and products for the data infrastructure market.
Technical Analysis of HP Inc.
HP Inc. is a leading technology company that specializes in providing a wide range of products and solutions for personal computing, printing, and imaging. With a strong presence in the global market, HP Inc.