Stock Of The Day: Why Would Resistance For Zillow Turn Into Support?
Stock Of The Day: Why Would Resistance For Zillow Turn Into Support?
The same thing happened at the $53.70 level. It was resistance in July and converted to support at the beginning of September.Zillow Group, Inc. (NASDAQ:Z) shares are trading higher. The company reported earnings and investors positively reacted. Estimates for the earnings were 29 cents and came in at 35 cents. Revenue was $581 million versus estimates of $555 million.
Zillow集团（纳斯达克股票代码：Z）股价上涨。该公司报告了盈利，投资者反应积极。盈利预期为29美分，实际为35美分。营业收入为58100万美元，预期为55500万美元。
Our team of technical analysts made Zillow our Stock of the Day because it illustrates a common dynamic in the market that savvy traders use to profit.
我们的技术分析团队将Zillow确定为今日股票，因为它展示了市场中精明交易者用来获利的常见动态。
As you can see on the chart, in February and early March levels around $58.50 were resistance for the stock. In September this resistance was broken. Then the stock eventually fell back to the $58.50 level that was previously resistance converted into support.
正如您在图表上所看到的，在二月和三月初，58.50美元左右的水平对该股票构成了阻力。到了九月，这个阻力被突破。随后该股票最终回落到之前曾是阻力的58.50美元水平，转变为支撑位。
The same thing happened at the $53.70 level. It was resistance in July and converted to support at the beginning of September.
在53.70美元水平也发生了相同的情况。它在七月是阻力，但在九月初转为支撑。
At the end of September, the $68.40 level was resistance — and now it has become a support level.
到了九月底，68.40美元水平是阻力，现在已成为支撑水平。
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Price levels resistant converting into support is a common occurrence in not just the stock markets, but in all financial markets.
价格水平由阻力转为支撑在不仅仅是股票市场，而是所有金融市场中都是常见现象。
It happens because of "seller's remorse."
这是因为"卖家后悔"。
There are investors and traders who sell while the stock is at resistance who think they made a good decision if the price trends lower after. But if the trend reverses, the resistance is broken and the price moves higher, many who sold come to regret their decision to do so.
有些投资者和交易员会在股价到达支撑位时卖出，如果价格在此后继续下降，他们会认为这是明智的决定。但如果趋势逆转，支撑位被突破且价格上涨，很多卖方会后悔当初的决定。
Some of these remorseful sellers vow to buy their shares back.
一些后悔卖掉股票的人发誓会回购它们。
But they will only do so if they can buy them for the same price they were sold. So as a result, if the stock eventually falls back to the selling price they place buy orders.
但他们只会在以同样价格买回时才这样做。因此，如果股票最终跌回卖出价格，他们会下买单。
If there are enough of these orders it will cause support to form at the price that had previously been resistance.
如果这些买单足够多，将导致价格在先前的支撑位形成支撑。
If a stock is trending lower and a trader is looking for insight into where to buy it, they should look at price levels that had previously been resistance. There is a good chance the stock finds support at them. They may even reverse and rally.
如果股票趋势下行，交易员正在寻找何时买入的线索，他们应查看之前的支撑位。股价很可能会在这些位置找到支撑。甚至可能会逆转并反弹。
Photo: Shutterstock
Photo: shutterstock
