Zillow Group sharpens decline - Analysis - 09-05-2022

Zillow Group's stock (Z) declined 4.35% in the last session, even after reporting higher earnings in the first quarter, with net income of 49 cents per share, up from 44 cents, however it presented disappointing forecasts.

The main downward trend still dominates, with negative pressure from the 50-day SMA, with negative signals from the RSI, settling at 38.05, with trading volumes surpassing 14.1 million shares.

Therefore we expect more losses for the stock, targeting the support of 28.54.

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Expected trend for today: Bearish