REDFIN CORP (RDFN) Stock Technical Analysis
NASDAQ:RDFN - Nasdaq - US75737F1084 - Common Stock - Currency: USD
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 one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 92% of 64 stocks in the same industry.
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 currently trading near new highs, so RDFN is lagging the market.
Besides having an excellent technical rating, RDFN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
5.99
11.57
We found 4 important support areas.
- 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.
2 important resistance areas can be observed.
- Resistance @11.25 from a horizontal line in the weekly time frame.
- Resistance @11.46 from a horizontal line in the daily time frame.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 worst case loss on the trade is limited to 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.
11.19
-0.04 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-0.36%
1 Week-3.03%
2 Weeks3.61%
1 Month12.01%
3 Month9.71%
6 Month41.11%
12 Month86.19%
2 Year-9.9%
3 Year35.8%
5 Year-73.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%4.39%
ATR Inc-30.53%
Range Today0.41
ADR(20)0.48
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.68
Mansfield1.12
10 Day High11.84
10 Day Low10.29
20 Day High11.84
20 Day Low9.52
52 Week High15.29
52 Week Low5.59
CS1 End11.18
CR1 Start11.25
Volume & EV
DER(3)2.48%
DER(5)2.06%
Volume29.67M
Volume Incr75.61%
Vol(5)11.25M
Vol(50)7.16M