Zillow Group Stock Technical Analysis

ZG Stock  USD 41.11  0.77  1.84%   
As of the 18th of April 2024, Zillow maintains the Standard Deviation of 2.9, mean deviation of 2.06, and Market Risk Adjusted Performance of (0.11). Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Zillow Group, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Zillow Group, which can be compared to its peers. Please check out Zillow Group market risk adjusted performance and treynor ratio to decide if Zillow Group is priced fairly, providing market reflects its latest price of 41.11 per share. Given that Zillow Group has information ratio of (0.12), we strongly advise you to confirm Zillow Group's prevalent market performance to make sure the company can sustain itself at a future point.

Zillow Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Zillow, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Zillow
  
Zillow's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Zillow Analyst Consensus

Target PriceAdvice# of Analysts
56.15Buy27Odds
Zillow Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Zillow analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Zillow stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Zillow Group, talking to its executives and customers, or listening to Zillow conference calls.
Zillow Analyst Advice Details
Zillow technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Zillow technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Zillow trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Zillow Group Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Zillow Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Zillow Group Trend Analysis

Use this graph to draw trend lines for Zillow Group. You can use it to identify possible trend reversals for Zillow as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Zillow price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Zillow Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Zillow Group applied against its price change over selected period. The best fit line has a slop of   0.21  , which may indicate that the price for Zillow Group will continue to decline. It has 122 observation points and a regression sum of squares at 1650.44, which is the sum of squared deviations for the predicted Zillow price change compared to its average price change.

About Zillow Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Zillow Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Zillow Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Zillow Group price pattern first instead of the macroeconomic environment surrounding Zillow Group. By analyzing Zillow's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Zillow's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Zillow specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2024 (projected)
Days Sales Outstanding6.9413.4224.98
PTB Ratio2.991.742.84

Zillow April 18, 2024 Technical Indicators

Most technical analysis of Zillow help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Zillow from various momentum indicators to cycle indicators. When you analyze Zillow charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Zillow April 18, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Zillow stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Zillow Group is a strong investment it is important to analyze Zillow's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Zillow's future performance. For an informed investment choice regarding Zillow Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zillow Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Zillow Group information on this page should be used as a complementary analysis to other Zillow's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Zillow Stock analysis

When running Zillow's price analysis, check to measure Zillow's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zillow is operating at the current time. Most of Zillow's value examination focuses on studying past and present price action to predict the probability of Zillow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zillow's price. Additionally, you may evaluate how the addition of Zillow to your portfolios can decrease your overall portfolio volatility.
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Is Zillow's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zillow. If investors know Zillow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zillow listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.25)
Earnings Share
(0.68)
Revenue Per Share
8.327
Quarterly Revenue Growth
0.09
Return On Assets
(0.02)
The market value of Zillow Group is measured differently than its book value, which is the value of Zillow that is recorded on the company's balance sheet. Investors also form their own opinion of Zillow's value that differs from its market value or its book value, called intrinsic value, which is Zillow's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zillow's market value can be influenced by many factors that don't directly affect Zillow's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zillow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zillow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zillow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.