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Zillow Group, Inc.Zillow Group, Inc.Zillow Group, Inc.

Zillow Group, Inc.

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Z | H&S Pattern Not Yet Resolved - More Downside to Go?Looking at the H&S pattern formed earlier this year, it does not appear to have fully resolved as of yet. There was another pulse to the upside recently, but the trend continues to demonstrate lower highs and lower lows. Cannot count on a single bullish daily candle on a strong downward sloping trend to turn bullish until receiving confirmation. The current pulse upwards appears to be another lower high on its way down to lower levels. May be able to take advantage of the swings to the upside and short on trends to downside during this downtrend, but longer term it would appear to be worthwhile to either wait for a confirmed reversal to go long or set a lower price target inline with the H&S pattern.
NASDAQ:Z
by J-One_Trades
1
ZILLOW GROUP INC. DROPPED TO KEY SUPPORT LEVEL ON WEDNESDAYZillow Group Inc.’s roughly $1.15 billion pile of mortgage bonds tied to its home-buying business has been thrust into the spotlight after the real-estate giant on Tuesday called it quits on its iBuying home-flipping business. The Class C shares Z, -24.92% plunged 24.6% in afternoon trading, and the Class A shares ZG, -22.95% plummeted 23.4%, both toward 15-month lows, after Zillow reported late Tuesday a surprise third-quarter loss and revenue miss, said it would cut about 25% of its workforce and announced plans to “wind down” its iBuying service after disclosing losses of more than $550 million on homes purchased. The Class C shares are suffering the most significant one-day drop since November 2018. They have now slid 36.6% over the past three days, and the A shares have shed 38.1% over the same time. But at the moment analyst’s target zone for the C shares is about 75% above current levels, and the average A price target implies 80.8% upside. The fair value is around $343.54, with a forecast earnings growth of 69.91% per year. Also, on the weekly chart after the big drop yesterday, we see that the price stopped at 23.6 Fibo level and a strong support line at $65.00. It would be interesting how the traders will react in the following days. If the price continues to fall and break these levels, it is possible to see a price test around $50.00 or lower levels around $28.00 or slide at the low levels from March 2020 around $20.00. Looking at our short-term oscillators, we see that the RSI rebounded from slightly above its 30 lines, while the MACD, although below both it's zero and trigger lines, shows signs of bottoming as well, and they marked that the price is in the oversold zone. If the price rebounds from this current level and the traders receive any positive news in the following days, it will activate the bulls on the market. The positive sign will be the price breakthrough the 38.2Fibo level around $91.00 will probably test 50.0 Fibo around $114.00 or go higher around $135.00. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NASDAQ:Z
by legacyFXofficial
Zillow... A Good Buy?As many of you are aware Zillow is in a major crisis after it was announced they will be selling 7,000 properties at a loss of around 10% per property with areas like Arizona, where 97% of the inventory being sold by Zillow is being sold at a loss. This is resulting in them stopping their IBuy program and laying off around 25%+ of their staff. Couple this with terrible earnings, it has created the perfect storm and a huge sell off to go with it. As of now, it is down 26% today alone and almost 50% just this past week alone. Despite this, however, Zillow is at an attractive price level and it showing indications of a possible bottom around $63.10 but this has yet to be confirmed until we see the price move above $65.21 in the short term. This looks like a good momentum play but I would be hesitant to take a long term position at these levels until I see a confirmed change in trend.
NASDAQ:Z
by thedailyinvestor
Zillow Ponzied - Real Estate Bubble - Treasury Rates RisingDebt gets uncontrollable for the ones who've borrowed too much. #kingdollar will come in to play. Sell Sell Sell! Everything rally PONZIED. The unintended consequences of ponzi pogging for decades. Time for the taxes. Hyperinflated assets to be annihilated. Small cap QUALITY VALUE will outperform on EARNINGS GROWTH!!!! Large cap #stonks BONDS WILL CRASH first, then the equities. ZERO CORPORATE TAX days are over. Along with a BRAND NEW GLOBAL MINIMUM TAX!! wow. Once in decades opportunity for small caps. EXCELLENT!!! #cannabisreform #thegem Jobs & Justice Akerna $KERN has the COMPLIANCE DATA software.
NASDAQ:ZGShort
by EpicEconomics
1
You don't always get second chances!- As you can see above, a beautiful bullish wedge was broken to the upside, followed by a re-test Oct 18, and then the stock took off from there. - Now, its had a severe correction past 2 days which has brought it back down for another test. - This is key because these mid 80 levels are a demand zone - Just an aside, I anticipated a breakout as I observed the RSI divergence while price was crawling downwards TAKEAWAY: Considering its earnings today and I've noticed sentiment get a little negative towards zillow, this would be a great opportunity to go long
NASDAQ:ZLong
by markethunter888
12
Zillow - Time to print some spreads on calls!-Faced with the fastest-rising real estate prices in U.S. history, Zillow Group Inc. tweaked the algorithms that power its home-flipping operation to make higher offers. -It ended up with so many winning bids that it had to stop making new offers on properties. Now, after buying more homes in the third quarter than it ever has before, the company is working through a backlog of houses that need to be fixed up and sold while facing an unpleasant reality: Slowing price appreciation means it will sell many homes at a loss. -That being said, we don't expect any major growth from Zillow in upcoming months.
NASDAQ:ZGShort
by caldooninvestment
3
Zillow can't handle the heat! Another Canary. Zillow has suspended its iBuying program, Zillow Offers, cited building backlogs and labor/supply shortages as the reason. I believe Zillow's actions supports the idea of a weakening housing market. Weakness in the housing market is attributed to dampening economic conditions. Zillow's iBuying program started in April 2018 and represented the newest frontier in real estate technology. Zillow previously made money from online advertisements and providing leads to agents. iBuying stands for Instant Buying. Zillow commands a huge amount of data which, allows them to use algorithms to automate the home buying process. This iBuying program quickly turned into Zillows biggest source of revenue and led to countless valuation upgrades. This is not surprising in an environment where: year over year home price appreciation and prices adjusted for inflation are at its highest levels ever. From starting the program in April 2018 to the peak in 2021 was a 600% move. So why would Zillow get rid of their most successful and profitable business? I don't believe Zillow is stopping because of operational capacity. Zillow's data regarding the housing market is as good as the US Government's; they can manage their inventory and new purchases without having to stop the program. Why not just slow it down temporarily. I think this has more to do than labor and material shortages. Maybe they see trouble on the horizon and houses are not the asset you want to hold especially if you bought it at the top. Q3 and Q4 are going to be horrible earning seasons for them. They want to get out before, things get even worse. Now that interest rates are increasing, moratoriums expiring and the normalization of lumber prices all lead to lower housing costs. You can see the problem Zillow is facing for yourself. The Zillow homes in places like Phoenix, Northern Colorado, Florida are all being relisted by Zillow with price 2%-10% price cuts. Zillow is selling all of these homes for less than they bought it for. My friend sold one of his rental properties in Sacramento to Zillow in July 2021 and they still are not able to sell it and cut the price by 15K. Zillow was the one contributing to inflating this housing bubble until, they realized that the housing market was going back to its fundamental valuation and they do not want to be the ones holding the bag. Speaking about those with the data and information selling. Jerome Powell, got caught again with insider trading AGAIN. A report came out that before the October downturn last year, Powell dumped his positions. We already other regional fed presidents like Kaplan, Rosenbran, Clarita were trading stocks during 2020 when the fed was heavily influencing markets. Who is there to keep them accountable? Nancy Pelosi??? Everybody in the top tier of the government are as crooked as Powell. The people in charge of the fed, gov are all ex Goldman, JP, Blackstone. It is crazy to me that Powell is not in jail? Get him out Biden!
NASDAQ:Z
by arama-nuggetrouble
4
Zillow is a falling knifeOver the weekend it was reported ZILLOW PAUSES HOME PURCHASES AS SNAGS HIT TECH-POWERED FLIPPING For those not familiar with NASDAQ:Z 's recent business model they have been on a buying frenzy no doubt fueled by low interest credit to give home sellers fast cash offers on houses based on prices that Zillow determines via their machine learning algorithms. It is a bold strategy Cotton; let's see if it pays off! That buying which has been going on unabated for months with ever rising prices seems to have hit a dip. I would not call this the "top of the housing market" by any means but it is a data point we can refer back to should the future prove it to be a top. Technically speaking the chart of Zillow is not pretty. I was long Zillow on the 50% Retracement over the summer but abandoned the position as it solidly broke the level. I am content to be out as it grinds lower from a risk management perspective. This is yet another reason to not baghold. I would look for signs of reversal to perhaps get back in at a future time but right now price action on the broader trend is in no-man's land.
NASDAQ:ZShort
by norok
1