ZILLOW GROUP INC. - Daily - Technical analysis published on 11/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 37.48 USD
My targets
39.94 USD (+5.30%)
43.71 USD (+15.24%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ZILLOW GROUP INC. as long as the price remains well above 37.48 USD. The buyers” bullish objective is set at 39.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 43.71 USD. If there is any crossing, the next objective would be the resistance located at 46.60 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ZILLOW GROUP INC. rating is 37.93 USD. On the day, this instrument gained +0.61% and was between 37.28 USD and 38.11 USD. This implies that the price is at +1.74% from its lowest and at -0.47% from its highest.37.28
38.11
37.93
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ZILLOW GROUP INC. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 31.95 | 33.88 | 37.48 | 37.93 | 39.94 | 43.71 | 46.60 |
Change (%) | -15.77% | -10.68% | -1.19% | - | +5.30% | +15.24% | +22.86% |
Change | -5.98 | -4.05 | -0.45 | - | +2.01 | +5.78 | +8.67 |
Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 36.16 | 36.75 | 37.23 | 37.82 | 38.30 | 38.89 | 39.37 |
Camarilla | 37.41 | 37.50 | 37.60 | 37.70 | 37.80 | 37.90 | 37.99 |
Woodie | 36.10 | 36.72 | 37.17 | 37.79 | 38.24 | 38.86 | 39.31 |
Fibonacci | 36.75 | 37.16 | 37.42 | 37.82 | 38.23 | 38.49 | 38.89 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 28.30 | 30.65 | 34.04 | 36.39 | 39.78 | 42.13 | 45.52 |
Camarilla | 35.85 | 36.38 | 36.90 | 37.43 | 37.96 | 38.48 | 39.01 |
Woodie | 28.82 | 30.91 | 34.56 | 36.65 | 40.30 | 42.39 | 46.04 |
Fibonacci | 30.65 | 32.84 | 34.20 | 36.39 | 38.58 | 39.94 | 42.13 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 21.88 | 25.00 | 28.69 | 31.81 | 35.51 | 38.63 | 42.32 |
Camarilla | 30.52 | 31.14 | 31.77 | 32.39 | 33.02 | 33.64 | 34.26 |
Woodie | 22.17 | 25.14 | 28.98 | 31.96 | 35.80 | 38.77 | 42.61 |
Fibonacci | 25.00 | 27.60 | 29.21 | 31.81 | 34.42 | 36.02 | 38.63 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 69.95 | |
MACD (12,26,9): | 1.5100 | |
Directional Movement: | 24.34 | |
AROON (14): | 50.00 | |
DEMA (21): | 36.13 | |
Parabolic SAR (0,02-0,02-0,2): | 32.77 | |
Elder Ray (13): | 2.38 | |
Super Trend (3,10): | 33.49 | |
Zig ZAG (10): | 37.93 | |
VORTEX (21): | 1.2000 | |
Stochastique (14,3,5): | 89.22 | |
TEMA (21): | 37.66 | |
Williams %R (14): | -12.78 | |
Chande Momentum Oscillator (20): | 3.42 | |
Repulse (5,40,3): | 2.4200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.4800 | |
Courbe Coppock: | 21.12 |
MA7: | 36.03 | |
MA20: | 34.11 | |
MA50: | 31.90 | |
MA100: | 37.49 | |
MAexp7: | 36.51 | |
MAexp20: | 34.42 | |
MAexp50: | 33.88 | |
MAexp100: | 35.32 | |
Price / MA7: | +5.27% | |
Price / MA20: | +11.20% | |
Price / MA50: | +18.90% | |
Price / MA100: | +1.17% | |
Price / MAexp7: | +3.89% | |
Price / MAexp20: | +10.20% | |
Price / MAexp50: | +11.95% | |
Price / MAexp100: | +7.39% |
News
Don"t forget to follow the news on ZILLOW GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
- Zillow Unveils Smarter, More Accurate Zestimate That 'Sees' Unique Home Features, Incorporates Greater Real-Time Data
- U.S. Home Values Fall for the Second Straight Month
- More than a Third of Americans Cry While Selling Their Home
- Parents Face Greater Struggles Finding a New Home
- Zillow Offers Now Live for Home Sellers in Orlando
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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