Zillow
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.
Z Analysis $Z | #Analysis | #StockMarket
Price Target 173.08 🎯
Falling Wedge ✅
ABCDE Correction ✅
Inside Candle with Long Wick Rejection of 50EMA/DailyPivot ✅
Bullish Hidden Divergence (Diosc,MFI) ✅
Entry on Break of 151.30 with Confirmation ✅
Invalidated below 140.36 ❌
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.
Zillow Cup of TeaCup of Tea
How I'm expecting Zillow to move in the next 2-3 mos.
Let's see how it goes.
Slow for my liking but tasty enough to dip
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
$z first target 139,30$ , $nasdaq fill the gap on the 21 and 10 MA !!
easy trade!
but it is investible company!
$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.Are you team blue or team pink?
Will a fourth advance be enough to place Zillow above $67 per share?
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 in big Impulse Cycle.Zillow completed 5 wave of cycle 1 and wave 2 of cycle 1 is also completed.
Expecting to rip higher in coming months..
Z - time to go zzz....Z has had a nice run up. More than doubled from $23 bucks. Huge red candle today on heavy volume.
I think this one is due for a pull back.
Position: Short 200 shares @ $50 today.
