ZG trade ideas
Looking bullish on Z!🔉Sound on!🔉
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Zillow Group getting ready for 2x moveZillow is breaking out on monthly and weekly with decent volumes, getting ready for 2x move in first run and then we can will see for further targets.
A weekly close below 56 will negate this and we will have to revisit this again.
Z Zillow Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of Z Zillow Group prior to the earnings report this week,
I would consider purchasing the 47.50usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZILLOW, WILLOW WHEREOW THE PRICE GO? imma be honest, I'm running out of creative titles, so you get what you get.
Trends labeled
Price targets labeled.
really neat setup on zillow here.
These buy zones are marked at some major support, we have a short term trend leading to a top, and may have already hit. We have a long term support trend going in the bearish price direction.
All of the above can help determine potential price movements.
With RSI being overextended, the market as a whole, there is potential for quick downside right past support trend, into the zones of major price support, which will then create even stronger support, which will allow the price to keep climbing back up.
I'm hesitant to predict anything before seeing where it heads into earnings (13th labeled)
BUT..
IDK, something like this maybe?
Essentially, I don't know how it will look, or how steep it goes, but it's good to be prepared for some potential scenarios. This chart can cover quite a few of them if you're patient and wait for the right trade.
Overall, I would suggest being careful, and should the price go up before going down, it might be a better option to look for a short entry and ride the price down than jumping into a long position, especially with how this chart looks.
$Z PT $85Based on the linear regression channel, Zillow is primed to see $70+ by the beginning of June, and over $80 around the beginning of October.
Elliot wave is currently at the end of phase 2, beginning of phase 3, which is usually the largest move of the cycle.
Any entry right now seems good. Current price is $47.39 in pre-market. With PT at $85, that's a projected 44% gain.
Note: This is just my interpretation of the chart and not financial advice.
$Z Regains 50 DMANASDAQ:Z has had a nice move off its recent bottom of around 76%. Sorry to say I missed it. However, it has now been consolidating those gains for about 80 days now. It recently dipped below the 50 DMA (Red) and has now recovered for the last three trading days. I like that the 5 DMA (White) is now above all the Moving Averages. I have started an early entry here in anticipation of a breakout above the blue horizontal line above. All TBD. I will place my stop on a close below the 50 DMA which makes for a good risk reward trade.
See Notes on chart for more details. The chart I am using is LevelUp All-In-One available here on TV. It has a lot of information at a glance all built in.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Big change FridayDoes this gut-punch to the RE tech industry signal a looming share price drop for BLK? An index of Z+OPEN+RDFN+HOUS has had a very high positive correlation to BLK--until now when the index took a hit from the NAR settlement.
Z - setting up H&S Formation once tests low $60skeep an eye on very nice short set up in Z.
Is housing gonna make a sharp turn with mortgage rates holding 7%+ level.
I say so.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Like the Look of ZIllow here Zillow is looking to reclaim its former glory here
looking at the daily chart you can see a nice spring and back test.
the longer this name hold above 50 the more likely it could test the 66 resistance range that its had trouble with before.
will be keeping an eye on this as earnings approach in less than one month
$Z - Can this play out?NASDAQ:Z looks like short seller "Spruce Point" @sprucepointcap will not be sleeping well for a while.
Zillow could explode to $80, if cup and handle breakout occurs.
Zillow Group, Inc - bullish divergenceOn the above 2-week chart price action has corrected over 80% since the sell signal last February. A number of reasons now exist to be bullish, a few of which are:
1) A buy signal prints.
2) Regular bullish divergence. Currently 10 oscillators are printing divergence on the weekly chart (below).
3) Support and resistance. The yearly chart (bottom - each candle = 1 year of data) is showing price action testing support on past resistance from 2017 through to 2019 @ $40. It is very likely to act as strong support.
Is it possible price action falls further? For sure.
Is it probable? Highly unlikely.
Ww
Weekly chart with bullish divergence
Annual chart - support
All set to double your moneysLooks bullish and can retest 100 levels. Have your SL at 44. It an test 44 range before its leg up towards 100-105. All the best.
I'll Bet My HouseJust kidding. I love Zillow's fundamentals, though. It beats earning reports for more than a year and a half. And the Assets to Liabilities ratio continues to stay strong.
The housing market is not in the best shape, but ongoing partnerships and new revenue stream projects, such as more focus on the rental market, are helping the company so far.
With that in mind, I saw an opportunity today, so I entered my position at $52.01 after seeing the recent decline while currently maintaining the price around the 50 EMA. I believe my loss-to-profit ratio is currently pretty high, but I'm willing to risk a 2% loss.
I want to stick to this plan, but it depends on how long it will dash around my stop loss area; I might give it a little bit more room as I'm willing to give it a lot of room for the upside.
Zillow looking a little sus on the weekly TBHLong term Trendline breakdown -> Retest and potential rejection of trendline AND 200 Weekly MA.
Short term Trendline breakdown.
High interest rate environment which affects have not been seen on the market yet. Inverted Yield Curve, potential recession.
Will this play out or do we have a soft landing? I have no clue tbh, but in terms of risk reward, the opportunity is definitely there for a Zillow short
Zillow WeaklyZillow is at a prior resistance point, at a whole number of $50, at the 100ma weekly. A bearish candle could close the week with a rejection wick. Given these confluence factors, economic outlook, search analysis of fundamentals, and the condition of real estate markets, I'm going to prematurely arrive on the scene, and pronounce it a short. There is of course a backup plan, in case things don't work out.
un-losable collar on ZillowI'm now in 800 shares of Zillow. Earnings are in a couple of weeks. I just had the $51 covered call expire. Today is an up day AND the2nd bull candle in a row (which appears it wants to close below the 10 ema on the daily chart)
So, I'll get into a collar for about a .50 credit. This will be an unloable trade = my favorite!
Z bullishwedge pattern, broke out with increasing volume, but pullback within the wedge pattern with lower volume. if broke above the wedge pattern, will be bullish
$Z Successful Pullback?NASDAQ:Z I was waiting for a pullback in this name as I missed the initial breakout. It looks to me that it has / is testing that today. I used a 5-minute chart to make an entry after it pulled back and then reversed higher. I have a very tight stop just under today’s low which coincides with both the resistance / support line and the 21 EMA. I posted this idea a few days ago. Link at bottom for those interested.
Ideas, not investing / trading advice. Constructive comments always welcome.
$Z Breaking OutI have had my eye on both NASDAQ:Z & $RDFN. They are both breaking out today as well as several real estate stocks (see news below). I do not yet have a position in this, but I like it and will look for an entry on most any pullback. (I’ve noticed that most breakouts seem to retest the breakout area.)
Here is what I see on the chart that makes this a top trading candidate. It is above all shorter-term moving averages. It is breaking out of the resistance area that’s been holding it back since February. It is above the 40 Week MA and above the 18-month AVWAP. The last one means to me that the aggregate of all shareholders by price and volume for the last year and a half are in the money. Which also means few sellers want out save a few profit takers.
I don’t think this is extended at this point but I’m still hopeful to get a better entry in this and $RDFN.
Ideas, not investing / trading advice.
With home prices rising more than expected in April and May housing data showing that inventory remains low, stocks in home-flipping companies Opendoor Technologies NASDAQ:OPEN
and Offerpad Solutions NYSE:OPAD surged Tuesday afternoon.
They're riding the upswell in real estate stocks overall after three economic reports showed surprising strength in home sales and home prices — the S&P Corelogic Case-Shiller index, the FHFA House Price Index, and May new home sales.
Rising home prices make it easier to turn a profit when flippers buy a house, renovate it, then sell it. Conversely, home-flipping stocks slumped when home prices became more volatile and declined, making it harder to value potential purchases with an eye to sell it at a profit.
Opendoor Technologies stock jumped 14% in Tuesday midday trading, after dropping 48% in the past year. Offerpad climbed 9.3% after a 78% plunge in the past year.
Real estate brokerage stocks also benefited from the day's news — eXp World Holdings NASDAQ:EXPI gained 6.6%, Re/Max Holdings NYSE:RMAX +3.1%; Redfin NASDAQ:RDFN +7.5%; Anywhere Real Estate NYSE:HOUS , +3.5%.
Zillow NASDAQ:Z , which exited the home-flipping business in 2021, rose 4.5%.
covered call on zillow againRinse and repeat
Loving live. Loving the trend. Buy low, sell high. Just going to wait and be paytient on this one.
