ZillowZillow is a mobile app and website for the sale or purchase of a home, financing, renting in the United States.
For Zillow, the pandemic and mortgages close to zero interest rates have spurred the company's revenue growth. Secondary home sales in 2020 were the highest since 2006.
On February 10, Zillow posted earnings for the 4th quarter and full 2020. According to the report, revenue for the year grew by 22%, but in the 4th quarter it decreased by as much as 16%, despite strong revenue growth in its mortgage segment in the 4th quarter. The fact that revenue will not grow in 2021 is becoming more and more obvious.
Mortgage rates are at an all-time low, but lending standards are the strictest in the US in decades, limiting the number of buyers. Fannie Mae forecasts for 2021 sales and house prices are not encouraging.
The current level of share price is too high given that short-term revenues in Q4 actually fell by 16%, and Zillow ad revenues will stop growing this year, profit growth will depend only on cost control, but keeping the growth by reducing costs will not convincing to investors.
Zillow
Zillow retracement looks like a great buying opportunity !!!Date- 4/42021
CMP- 133.41USD
Shares of Zillow have seen a ~40% correction from 52-week highs since mid-February.
Though the stock prices have declined the housing market seems to show no signs of cooling down.
The stock price currently bounced off the trend line acting as a support and also enjoys a strong support zone as shown in the chart.
Starting to look for VALUE tradesStarting to look for VALUE trades
This tech sell off has provided bargain entries to names that have good story and earnings.
I trade mostly momentum and area pattern issues but some symbols are just very tempting to put an exposure on. One of which is Zillow (Z)
Thesis:
Oversold
Good Earnings report last reporting date
Current price is a huge discount vs common market target price: $200ish
Current price level is where it was from prior Earnings
Can definitely dip lower still but tranche buying seems good at this level.
Strategy: Dollar cost averaging below $135
Zillow - Z STOCK - BUY ZONE HEREThe market is falling sharply last time, currently at a very good support zone for us to buy Z stock.
The 125 - 130 zone is great if we see the signals of traders from buying in this zone, the closest expectation is $ 200, and I expect it to go further. When large investment funds have backed this Z.
Think of the Stoploss zone here, if the price breaks it, it starts a downtrend.
$Z Zillow At Support - Unusual Options Activity$Z Zillow bounced today near the ~$151 support level, forming a possible bullish hammer candle. Monitor for a break above today's high ~$163 for confirmation.
Unusual Options Activity Today
1k May $165 strike calls traded for $2M
Near term target: ~$181 (Feb 22 gap-fill) - $200 possible by late March
$OPEN, Zillow, and Redfin correlation and long term bullishOpendoor broke trends today during a period of limited/no support (See related ideas section).
I look to RDFN and Z for wider market trends. These 3 companies are in a similar tech real estate market. There is limited trading history for OPEN and IPOB, TradingView doesn't even allow charting properly. There is a correlation with patterns for RDFN and Z, but there has been higher volume with OPEN. Using 1H ichimoku, both Redfin and Zillow are bullish and have no trends broken. Z is actually slightly positive since the OPEN ticker change. I expect OPEN to get back on a bullish 1H trend once the early stakeholders complete their selling.
This is an accumulation level and it could gain momentum fast as people accumulate. I would like to see a bullish 1H trend since the new ticker launch, which could at the earliest be established during the first week of January, before I recommend going long.
US Stock In Play: $ZG (Zillow Group Inc)$ZG have successfully broken out of its 8 months trend channel, infusing a further upward accelerated move of +11.51%. This is a cumulative gain of +55.14% from the Bullish Reversal Hammer on 10th November, previously highlighted.
Currently, the upper trendline resistance-turned-support, have price action bounced off on 21st December 2020, acting as a first line of support level for $ZG. Further upside price acceleration would require $150, an all time high cum psychological round number resistance, to be captured.
US Stock In Play: $ZG (Zillow Group Inc)$ZG exhibited a well respected trend channel since April 2020, a significant 8 months duration. It underwent a technical sell off of -15.76%, on 9th November 2020, with price action being resisted at its upper trendline.
The exhaustion of the selling was witnessed during the afternoon session of 10th November 2020, with $ZG closing the day with a Bullish Reversal Hammer Candlestick Pattern (highlighted), coinciding with the lower band support of the trend channel.
The continuation of this all time high breakout rally is likely to see $ZG test its upper trendline resistance at $135.00 in the upcoming week.
$Z Zillow at Support, Bullish Options Activity$Z Zillow bouncing off trendline support today, finding a bottom just under $97. Assuming support holds, expect a near term bullish move heading into earnings.
Bullish Options Activity Friday:
$1.8M of 11/6 $113.00 strike (OTM) calls traded (62x open interest)
Near term target: $115-$120 range by mid-November
Note: This is NOT investment advice.
Z Bull Flag Breakout$Z is breaking out to new highs again before $RDFN earnings in an hour. Housing market has been on fire and $RDFN $Z should benefit. I hate earnings plays so I have a half position currently as I want the ability to double up after earning's prints. Also possible $Z gap up on $RDFN blowout so I want to take the risk exposure. I am long Jan $100c and short Sept $65p
ZILLOW GROUP: PROBABLE BREAKOUT Hello Traders!
Yesterday the price of Zillow Group has broken out of the historical resistance level, trading at the highest historically. The RSI also is looking bullish and the MACD has seen a bullish cross and reversal.
It seems a great opportunity to go long as the price is expected to gain a strong bullish momentum!
TARGET PRICE: 79.05
STOP LOSS: 55.45
Please maintain proper position sizing and risk management!
Zillow Group $Z$Z is very close to the pivot has been trying to break since 2018. watch for a breakout $66.44 with high volume.
12 months Consensus Price Target: $62
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Zillow Group Inc (Z - NASDAQ) - Impulse wave patternZillow Group Inc (Z - NASDAQ) has completed 4th wave ABC correction and moving up in 5th wave final move up.it is moving in wave 2nd which might take one more low to complete in 5 min time frame as c wave. , which will be ideal entry for move up, until it holds the invalidation level of 4th wave low.
Z ZILLOW - DAILY Bullish Engulfing SetupZ ZILLOW
DAILY BULLISH Engulfing Setup
Perfect Entry 55 - 57
ENTRY = 55-60
1st Target = 66+ New Highs
Engulfing Candle on Daily
786 &20ema support @ 56
Bottom of current regression uptrend.
Holding 20ema & .5fib@ 56 support
Stoch, macd, ttm squeeze & momentum BULLISH
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Zillow 50% Fib CrossZillow closed at $42.46 on Friday for a -$1.50(-3.41%) loss. Price also closed back below the 50% Fibonacci level which was briefly breached to the upside last week but failed to hold as support going into the weekend. The 50% Fibonacci level acted as resistance back in March and April highlighted by the red arrows and appears to still be resistance now. Price needs to hold above the orange trendline in order for the short-term uptrend off of the March low to be sustained. Should the orange trendline fail to hold as support, the next level to watch for price to potentially hold at is the 38.2% Fibonacci level at $37.82. A move below that level would put price back in the purple shaded area of the total Fibonacci range which is the bearish end of the Fib levels.
The Relative Strength Index(RSI) is in a short-term decline with the green RSI line trending down, but remains above the centerline at 50. Above 50 indicates short-term bullish momentum, below 50 indicates bearish momentum. The purple RSI signal line is below the 50 level which indicates that the intermediate-term momentum never turned bullish. The green RSI line crossing below the purple signal line would be a bearish cross and indicate bearish momentum.
The Price Percent Oscillator(PPO) shows the green PPO line and purple signal line rising above the 0 level which indicates short-term bullish momentum. Above 0 is bullish, below 0 is bearish. The green PPO line trending above the purple signal line, and both lines trending up indicates bullish momentum.
The ADX shows the green +DI line above the purple -DI line which indicates a positive price trend, but the two lines look ready to cross which would indicate a shift to a bearish trend behind price. The histogram in the background indicates trend strength, which recently has all been small green bars that are trending relatively flat. Histogram bars rising indicates increasing trend strength while declining histogram bars indicate weakening trend strength.
Volume is relatively low during the recent price advance, and in the overall move higher off of the selloff low volume has been decreasing which is a bearish indication. In general, you want to see rising volume in an uptrend.
Overall, price is following the broader market for the most part with a current inability to hold above the 50% Fibonacci level. The trend, momentum and volume indicators below the chart are showing weakness as of Friday’s close. If price can manage to hold above the orange trend line the current uptrend will still have legs. Should price fall below the orange trendline and 38.2% Fibonacci level you can expect a new bear trend to be in play. Current stop-loss for longs should be placed just below the orange trend line, or the 38.2% Fibonacci level. Current view is neutral; bullish if price holds above the orange trendline; bearish if price breaks below the orange trendline.