RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ZG
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Zillow Group stock price down 3.53% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Loss -1.50% PDF

The Zillow Group stock price fell by -3.53% on the last day (Thursday, 28th Mar 2024) from $49.61 to $47.86. During the last trading day the stock fluctuated 4.49% from a day low at $47.82 to a day high of $49.97. The price has been going up and down for this period, and there has been a -9.94% loss for the last 2 weeks. Volume has increased on the last day by 156 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 741 thousand shares were bought and sold for approximately $35.47 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.29% during the next 3 months and, with a 90% probability hold a price between $42.26 and $51.14 at the end of this 3-month period.

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ZG Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 3.55%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zillow Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $48.89 and $52.08. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Zillow Group stock

Zillow Group finds support from accumulated volume at $47.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.15 between high and low, or 4.49%. For the last week, the stock has had daily average volatility of 3.60%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Zillow Group to open at $48.55, and during the day (based on 14 day Average True Range), to move between $45.57 and $50.15, which gives a possible trading interval of +/-$2.29 (+/-4.78%) up or down from last closing price. If Zillow Group takes out the full calculated possible swing range there will be an estimated 9.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $47.10 (1.59%) than the resistance at $52.75 (10.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zillow Group stock A Buy?

Zillow Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.150 Sell Candidate Unchanged

Predicted Opening Price for Zillow Group of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$48.55 ( 1.44%) $47.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ZG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 50.69 5.92 %
R2 49.87 4.21 %
R1 49.37 3.15 %
Current price: 47.86
Support S1 47.73 -0.274 %
S2 47.22 -1.33 %
S3 46.40 -3.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 56.03 17.07 %
R2 54.06 12.95 %
R1 52.75 10.22 %
Current price 47.86
Support S1 47.10 -1.59%
S2 46.66 -2.51%
S3 46.22 -3.43%

FAQ

What is the symbol for Zillow Group Stock and on which exchange is it traded?
The symbol for Zillow Group is ZG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Zillow Group Stock?
Zillow Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Zillow Group Stock?
Zillow Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zillow Group Stock.

What's the current price of Zillow Group Stock?
As of the end of day on the 2024-03-28, the price of an Zillow Group (ZG) share was $47.86.

What is the 52-week high and low for Zillow Group Stock?
The 52-week high for Zillow Group Stock is $59.23 and the 52-week low is $33.23.

What is the market capitalization of Zillow Group Stock?
As of the 2024-03-28, the market capitalization of Zillow Group is 11.328B.

When is the next earnings date for Zillow Group?
The upcoming earnings date for Zillow Group is May 01, 2024.
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About Zillow Group

Zillow Group Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services. The IMT ... ZG Profile

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