The Bull Market In Zynga Inc. (ZNGA) And QEP Resources, Inc. (QEP) Isn’t Dead Yet

Zynga Inc. (NASDAQ:ZNGA) is still -25.9% behind the $4.57 high touched on 2018-06-07. Even though its shares witnessed a 13.44% increase from the 52-week low price of $3.2 they recorded on 2018-02-09. The price recently went up by $0.08 now trading at $3.63. The last few days have been good for the stock, as its price has grew by 0.55% during the week. It has also performed poorly over the past three months, as it lost around -8.56% while it has so far retreated around -3.71% during the course of a year. The stock of ZNGA recorded -9.25% downtrend from the beginning of this year till date. The 12-month potential price target for Zynga Inc. is set at $4.69. This target means that the stock has an upside potential to increase by 29.2% from the current trading price.

When giving their opinion, around 56.25% of Wall Street analysts, which represents 9 out of 16 rated the stock as a Buy. 5 brokerage firms of the remaining 31.25% rated the stock as a Hold with 2 analyst rating it as a sell. Overall, the number of aggregate ZNGA shares held by institutional investors represents 80.9% of total shares. 42 institutions entered new Zynga Inc. (NASDAQ:ZNGA) positions, 115 added to their existing positions in these shares, 120 lowered their positions, and 48 exited their positions entirely.

Zynga Inc. (ZNGA) trade volume has decreased by -31.29% as around 9,282,396 shares were sold when compared with its 50-day average volume of traded shares which is 13,510,386. At the moment, ZNGA is witnessing a uptrend, as it is trading 1.18% above its 20-day SMA, -5.04% below its 50-day SMA, and -6.85% below its 200-day SMA. The company runs an ROE of roughly 1.7%, with financial analysts predicting that their earnings per share growth will be around 30% per annum for the next five year. This will be compared to the 16.1% increase witnessed over the past five years.

The first technical resistance point for Zynga Inc. (NASDAQ:ZNGA) will likely come at $3.68, marking a 1.36% premium to the current level. The second resistance point is at $3.73, about 2.68% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $3.43, the lower end of the range. ZNGA’s 14-day MACD is 0.05 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 48.84, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 37.31 percent, which is low when compared to that of the 50-day’s 44.15 percent.

The shares of QEP Resources, Inc. (NYSE:QEP) has decreased by -5.81%, and now trading at $7.62 on the Wall Street in the intra-day deal, with their shares traded now around 5,842,730. This is a rise of 561,718 shares over the average 5,281,012 shares that were traded daily over the last three months. The stock that is trading at $7.62 went higher by 8.24% from its 52-week low of $7.04 that it attained back on 2018-02-09. The stock recorded a 52-week high of $13.77 nearly 150 days ago on 2018-07-10.

QEP stock hasn’t performed well over the past 30 days, as it lost -20.63% while its price plunged by -20.38% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -11.09% over the last week. The stock’s 12-month potential target price is now at $14.44. This means that the stock price might likely increase by 89.5% from its current trading price.8 out of 17 Wall Street analysts which represents 47.06% rated the stock as a buy while the remaining 52.94 rated it as a hold, with 0 of analysts rating it as a sell.

QEP Resources, Inc. (NYSE:QEP) has been utilizing an ROE that is roughly -6.5%, with stock analysts predicting that the company’s EPS for the next five years will go down by -5.69% per year, following the 141.6% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -12.45% below its 20-day SMA, -22.13% below its 50-day SMA, and -28.56% below its 200-day SMA. In percentage terms, the aggregate QEP Resources, Inc. shares held by institutional investors is 0%. 37 institutions jumped in to acquire QEP Resources, Inc. (QEP) fresh stake, 121 added to their current holdings in these shares, 157 lowered their positions, and 48 left no stake in the company.

The stock’s 9-day MACD is -0.28 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 31.02, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 64.11 percent, which is more when compared to that of the 50-day’s 54.91 percent. On the daily chart, we see that the stock could reach the first level of resistance at $7.92, sporting a 3.79% premium to the current level. The next resistance point is at $8.22, representing nearly 7.3% premium to the current market price of QEP Resources, Inc. (QEP). On the other hand, failure to breach the immediate hurdles can drag it down to $7.14, the lower end of the range.