Z jumps 5.7% tests key $69 resistance
$Zillow(Z)$
Z Surged +5.65%: Bullish Breakout Eyes $69, But Resistance Looms
Latest Close Data
Closed at $68.59 (Jan 22, 2026), up +5.65% (+$3.67). The stock is trading ~27% below its 52-week high of $93.88.
Core Market Drivers
The rally appears driven by a broader rebound in tech and real estate-related stocks, coupled with significant net capital inflow for the day.
The company's latest forward P/E of 29.33 is notably below its historical average, potentially attracting value-oriented interest.
Technical Analysis
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Volume of 3.19M shares supported the move, with a volume ratio of 1.09 indicating slightly above-average participation.
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The 6-day RSI jumped to 56.27, moving out of the oversold territory (<30) and signaling a shift in short-term momentum.
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The MACD histogram turned positive (0.096), suggesting a potential bullish crossover is forming, though the DIF and DEA lines remain in negative territory.
Key Price Levels
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Primary Support: $68.41 (Previous resistance turned support).
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Strong Resistance: $68.81 / $69.00 (Immediate test level, aligned with after-hours high).
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Immediate Pivot: $68.59 (Today's close). A confirmed break above $69 could open the path toward $73.
Valuation Perspective
The stock trades at a P/S (TTM) of 6.62x. The forward P/E of 29.33 is significantly below its historical average of 42.72 and the +1 Std. Dev. of 50.80, indicating a potential valuation discount.
Analyst Targets
20 analysts have an average price target of $87.3 (27% upside), with a high of $110. Consensus ratings lean positive (3 Strong Buy, 9 Buy, 12 Hold).
Weekly Outlook
Expect consolidation near the $68.5-$69 resistance zone. A sustained close above $69 could target the $70-$73 range next week. Failure to hold $68.41 may lead to a retest of the $65 support level.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including the potential loss of principal. Always conduct your own research.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
