Hello traders,
Z is priming real nice...We have a break out of the trend line, we're up above the 20 & 50 MA's, they killed earnings a few days ago, spike in volume...Just everything looks good to me...I am looking for retest of the trend line before making an entry...If it fails then I do see this dropping down $45ish area for a retest of support, BUT if it holds...
Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and websites in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company's mobile applications and websites offer various real estate transactions and related services, including buying, selling,...
Conviction: 3/5
retesting MT (2016) support
RSI-W at oversold levels with possible bullish divergence
Growth is still good
P/S levels pretty reasonable
Risks
support was broken in 2020
Short history, does not cover last recession
negative FCF
slightly below historical equilibrium zone
Key points:
- Next earnings is February 10th, you may want to wait for earnings.
- I have a small positions that I am planning to grow.
- Unrivalled brand (strong name.)
- Zillow owns over 70% of traffic for real state advertising.
- Re-structuring the business.
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Zillow's idea was that they are going to...
Monthly retest, at least looking for a bounce to 80's
this may take weeks to play out and definitely can still go lower first to find a base but expecting a bottom fairly soon
Had a small resting order just under the monthly retest area, sideways for a bit then to retest 80's
Stop at 55.20
Positive price action as well as bullish cross way below the daily 50.
The cross is not 100% clear, but is really worth a try as it may have a huge way-up
ZILLOW GROUP $Z dumped pretty hard it scared even the bravest of hearts. Nonetheless my analysis says $Z has hit rock bottom and it can only go up from here.
Buy up from 60$ - 64$ i expect this market to take some time to build some base before reversals and trend revert.
Goodluck!!
This stock continues its downtrend. It looked like it would've found some support at $60-65 level, but it formed a bear flag and has since closed below this level. I suspect the trend will continue to resolve the H&S pattern made earlier this year as I mentioned in a previous analysis made back in September. We may be down to $45 earlier than expected.
But know where to sell......... Sorry, leaving the chart blank on why I say to buy and where to sell. But you should buy now.. but dont expect much because it will be much cheaper before long. This is my new way of doing charting.. leaving the good stuff off so you guys can use Bollinger bands and MFI (you do know that's how people do charts when putting...
Today I am reviewing Zillow (Z) on the monthly linear scale chart.
The price has taken a 41.83% drop this month (November 2021) so far and about to re-test the long term parallel channel it was in previously. Furthermore, the price is also re-testing a trendline as shown by the red line.
The RSI (relative strength index) is necessary to pay attention to as it is...
