Zillow
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.
$ZG. Watchlist. I will buy ~ $25 per share, after earningsThere are a lot of good stocks to trade, and sadly to say, $ZG isn't one of them. I haven't nothing against $ZG but I'm sure the stock market has more attractive stocks to buy.
Time Frame : 4h
Resistance ~ $51
Support:
~ Uptrend channel
~ Support EMA lines
~ Strong support $27
What do you expect from earnings? If the June earnings are as expected by analysts will show negative movement, then the price will fall to this year low again. So I will wait how the price reacts on earnings to decide buy or wait.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
Bull on ZillowFlag is forming (again) on Z.
Technicals
RSI(10) @67 on higher highs
ADX @45 on higher highs
SMA(50) crossing above SMA(200)
SMA(100) crossing above SMA(200)
Note:
Would not buy if it breaks the $44.3 support line. If it bounces upward, consider being Long.
* Remember to always set your stop-loss and profit-exit orders to protect yourself and balance the risk/reward.
Happy trading Tuesday!
$IBGR RM Applicate INC / Wave 3 Target 15 cents appears ready!!Close above SMA50 on the daily chart on 3/12 is clear indication that Wave III is ready to move; looking at previous moves WI & WII, it is likely to see prices upwards of 15 cents.
The Float is confirmed at under 140M shares which puts market cap at only $1.75MM USD.
Company has announced merger with Applicate Inc, who has major developers on board and targeting game changing real estate app which is rumored to have eyes on taking market share from Zillow $Z.
Note that i am not an investment adviser, i am only providing my own thoughts and i do currently own shares.
Risky Trade of the Month Short Straddle in ZWith the market tanking last week Zillow's IVR and IV are at 2 year highs with price in a weekly support zone of 37.75 to 40.
Weekly Linear Regression Slope(LRS) looks to be hitting a bottom with the Daily LRS showing divergence. Obvious risky play due to market conditions
As of Friday selling price of $5.50 on the 33d 40 p/c straddle leaves room for error and a quick profit taking if IV and VIX drop this week.
Tasty Stats POP 52% P50 52% Delta 10 Theta 7.50
This Is Why Zillow (NASDAQ:Z) Is BouncingZillow Inc (NASDAQ:Z) is bouncing today off the key $100 level. If you saw the chart, you would have expected it. Why? Simply look at the chart below and note the major support at the $100 level. If there was going to be a bounce in Zillow, this was going to be it. Will it bounce more? Yes, it should bounce back to $112+.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Zillow: Support Levels Tagged after Price BreakdownSee our original blog post published last weekend: www.syncubate.com
When Zillow's stock closed below $123 on the weekly chart, we noted in our analysis that this was a key bearish development and to watch for the $113 and $110 support levels to potentially be tagged soon after.
Last week, Zillow traded as low as $110.56 and closed Friday's session at $112.73, just under $113.
To see more of our market commentaries and analyses, subscribe to our blog here: www.syncubate.com
Zillow Breaks Below Key Chart SupportFor detailed commentary and analysis, see our blog post published 9/27/2014: www.syncubate.com
Last week, Z tagged the $123 support area and bounced off of it, to close the week out at $130.97. However, there was no carry-over in bullish momentum. The stock has since fallen below $123, finishing Friday's trading session at $121.75.
Friday's close is significant in that the $123 level had been fiercely defended by the bulls on the weekly chart multiple times since June, as noted by the blue arrows.
Stay up to date and subscribe to our blog to receive the latest posts via email: www.syncubate.com
Why Timing is Everything in the MarketFor a detailed commentary and analysis, please refer to our blog post published 7/27/14: www.syncubate.com
Zillow made headlines last week on a possible merger with Trulia, and the stock has since surged in value to nearly $160 a share. The buyout of Trulia was confirmed earlier today.
On the weekly chart, the stock's price fluctuations show a bull trend picking up steam in the beginning of 2014. From that point forward, +DMI has remained above -DMI, conveying the persistent strength of the bulls over the bears.
Timing is everything in the market - in our latest blog post, we discuss why traders must respect time in their trade planning, highlighting our analysis of Zillow's daily chart versus weekly chart.