Zillow Group is likely the RE game changer for changing the way RE is bought and sold from 5-7% commissions and today's housing markets. Not a Redfin fan for being a game changer, and Zillow still needs to figure out some things with FSBO (for sale by owner).
Down 43% from peak. 1/2 share entry and 1/2 share standing order lower, just thoughts for now. ...
The risk reward of ZG has fallen out of favor, as you can see the current levels provide little to no room for "reward", and a lot of room for risk.
If you are looking to invest in ZG, your best option is to WAIT for a pullback towards the red levels and enter positions there.
However, we have earnings in less than a month, and the stock could use this as a ...
Closely watching this stock as a real estate agent. Can internet leads grow? Where are buyers going to find an agent in the market they are looking to buy? Technology has advanced so that its the easiest its ever been to search for a home online, and many companies and agents have excellent web pages to compete with Zillow.
After a recent large pull-back, Zillow has resumed its long-term up-trend. It is currently giving us a good buying opportunity and it likely to bounce off these strong supports:
* 2-year moving average (shown by the dark-blue line).
* 10-month moving average (shown by the light-blue line).
* 38% Fibonacci Retracement (shown by the red line).
Notice what you see on Zillow's chart, that the seasonally slow time of the year for real estate is when ZG has bottomed.
It bottomed meaningfully in 2011-2012-2013 and was only a trading bottom in 2014.
We could see the same pattern again this year, and today is the earliest bottom that we saw from last year.
Real estate is a seasonal business and now ...
After forming a textbook cup-and-handle, the stock broke out as expected. We are now seeing a bull-flag form and expect the stock to breakout higher. It could retreat as far as $28.50 before breaking out.