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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 1.90% on Tuesday
(Updated on Jun 11, 2024)

Buy candidate since Jun 06, 2024 Gain 0.10% PDF

The Zillow Group stock price fell by -1.90% on the last day (Tuesday, 11th Jun 2024) from $42.55 to $41.74. During the last trading day the stock fluctuated 2.37% from a day low at $41.37 to a day high of $42.35. The price has been going up and down for this period, and there has been a 6.59% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -195 thousand shares and in total, 288 thousand shares were bought and sold for approximately $12.03 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 -18.43% during the next 3 months and, with a 90% probability hold a price between $30.49 and $36.48 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ZG Signals & Forecast

The Zillow Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $41.62 and $41.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 7.97%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Zillow Group stock

Zillow Group finds support from accumulated volume at $41.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.98 between high and low, or 2.37%. For the last week, the stock has had daily average volatility of 2.87%.

Our recommended stop-loss: $39.37 (-5.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (ZG) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Zillow Group to open at $41.82, and during the day (based on 14 day Average True Range), to move between $40.44 and $43.04, which gives a possible trading interval of +/-$1.30 (+/-3.11%) up or down from last closing price. If Zillow Group takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $41.44 (0.72%) than the resistance at $46.22 (10.73%), 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?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.120 Buy Candidate Unchanged

Predicted Opening Price for Zillow Group of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$41.82 ( 0.192%) $41.74

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
R3 42.80 2.54%
R2 42.43 1.64%
R1 42.19 1.09%
Price 41.74
S1 41.45 -0.705%
S2 41.21 -1.26%
S3 40.84 -2.16%

Accumulated Volume Support & Resistance Levels

Level Price
R3 47.10 12.84%
R2 46.66 11.79%
R1 46.22 10.73%
Price 41.74
S1 41.44 -0.719%
S2 40.07 -4.00%
S3 39.19 -6.11%

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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

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 Jun 11, 2024, the price of an Zillow Group (ZG) share was $41.74.

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 Jun 11, 2024, the market capitalization of Zillow Group is 10.02B.

When is the next earnings date for Zillow Group?
The upcoming earnings date for Zillow Group is Aug 07, 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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