Zillow Group Technical Analysis (NASDAQ:Z)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Zillow Group stock price data and volume are plotted in Z stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Zillow Group. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Zillow Group stock analysis.
Zillow Group Moving Average
Moving averages show the average price of Z stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $51.56 is below the last closing price of $58.61 and the 50 day moving average of $47.17 is below the last closing price of $58.61. The 10 and 20 day periods can predict short term moving average trends.
Zillow Group Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Zillow Group. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Zillow Group bollinger bands show that the stock price is $58.61, upper band is 60.59, lower band is 42.52, and the average is 51.56.
Zillow Group Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Zillow Group MACD indicator can be used to identify bullish and bearish trends for the stock.
Zillow Group Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 95.43 is the RSI value of Z stock.