1. Zillow Group's RSI indicates overbought status at 75, despite recent gains. 2. Welltower's acquisition boosts momentum, with an RSI of 70.8. 3. Both stocks show significant price increase over the past month.
Zillow's price target increase signals positive sentiment. Historical patterns show upward trends in momentum indicators lead to continued gains.
The real estate sector's performance can influence S&P 500 due to its weight in the index. Recent analyst upgrades and acquisitions are important indicators.
The current overbought conditions suggest potential short-term corrections. However, sustained momentum from acquisitions indicates limited downside.