REDFIN CORP (RDFN) Technical Analysis
NASDAQ:RDFN • US75737F1084
Current stock price
RDFN Technical Rating and Analysis
Taking everything into account, RDFN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RDFN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that RDFN is one of the better performing stocks in the market, outperforming 91% of all stocks.
- RDFN is part of the Real Estate Management & Development industry. There are 62 other stocks in this industry. RDFN outperforms 95% of them.
- RDFN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- RDFN has an average volume of 7162170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RDFN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDFN is lagging the market slightly.
RDFN Weekly and Daily overview Charts
RDFN Setup Rating and Analysis
Besides having an excellent technical rating, RDFN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.18, a Stop Loss order could be placed below this zone.
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RDFN Support and Resistance Analysis
5.99
4 important support areas can be observed.
- A support zone ranging from 11.16 to 11.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.96 from a trend line in the daily time frame.
- Support @9.60 from a trend line in the daily time frame.
- Support @6.05 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @11.25 from a horizontal line in the weekly time frame.
- Resistance @11.46 from a horizontal line in the daily time frame.
RDFN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RDFN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDFN is up. |
| ChartMill Relative Strength | 91.68 | POSITIVE | RDFN has a high relative strength, it outperformed 91.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDFN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDFN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDFN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.71 | NEUTRAL | The RSI value for RDFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RDFN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.79 | NEUTRAL | The Stochastics value for RDFN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for RDFN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.43 | POSITIVE | The high ADX value value for RDFN suggests a strong trend. |
RDFN Chart- and CandleStick Pattern Analysis
RDFN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.26 | 11.15 | 0.11 (0.98%) | 25.00% |
| An entry @11.26. This is a Buy Stop order right above the resistance zone. | An exit @11.15. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.11 points, which is 0.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- The distance between exit and entry is rather small compared to the average daily movement of RDFN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RDFN Technicals: Chart, Performance Metrics, Trend & Indicators
11.19
-0.04 (-0.36%)
REDFIN CORP / RDFN TA FAQ
Can you provide the ChartMill technical rating for REDFIN CORP?
ChartMill assigns a technical rating of 10 / 10 to RDFN.
What is the trend direction for RDFN stock?
The current trend direction for REDFIN CORP (RDFN) is Bullish.
What is the RSI signal for RDFN stock?
REDFIN CORP (RDFN) has an RSI value of 58.7124. This indicates that the stock is currently neutral.
What is the short term momentum for REDFIN CORP (RDFN) stock?
The short term momentum for REDFIN CORP (RDFN) is positive.
What is the support and resistance level for RDFN stock?
REDFIN CORP (RDFN) has a support level at 11.18 and a resistance level at 11.25. Check the full technical report for our detailed analysis of RDFN support and resistance levels.