REDFIN CORP (RDFN) Stock Technical Analysis
NASDAQ:RDFN - Nasdaq - US75737F1084 - Common Stock - Currency: USD
Taking everything into account, RDFN scores 7 out of 10 in our technical rating. In the last year, RDFN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
RDFN is part of the Real Estate Management & Development industry. There are 65 other stocks in this industry. RDFN outperforms 96% of them.
RDFN has an average volume of 6775560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RDFN did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
In the last month RDFN has a been trading in the 8.70 - 10.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RDFN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
5.91
13.32
4 important support areas can be observed.
- A support zone ranging from 9.27 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.98 from a trend line in the daily time frame.
- A support zone ranging from 8.71 to 8.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.97 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 10.21 to 10.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.05 from a horizontal line in the weekly time frame.
- Resistance @11.23 from a horizontal line in the daily time frame.
- Resistance @13.19 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RDFN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDFN is up. |
| ChartMill Relative Strength | 95.18 | POSITIVE | RDFN has a high relative strength, it outperformed 95.18% 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) | DOWN | MIXED | The current price of RDFN is above a declining 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) | 55.12 | NEUTRAL | The RSI value for RDFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RDFN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.95 | NEUTRAL | The Stochastics value for RDFN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for RDFN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.56 | NEGATIVE | The low ADX value for RDFN suggests a weak or negative 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)
9.9
+0.12 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg1.23%
1 Week-4.35%
2 Weeks13.53%
1 Month7.73%
3 Month26.84%
6 Month8.08%
12 Month64.73%
2 Year1.12%
3 Year1.02%
5 Year-66.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%5.18%
ATR Inc-22.93%
Range Today0.38
ADR(20)0.47
ADR(20)%4.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.18
Mansfield0.98
10 Day High10.89
10 Day Low8.83
20 Day High10.89
20 Day Low8.7
52 Week High15.29
52 Week Low5.49
CS1 End9.38
CR1 Start10.21
Volume & EV
DER(3)0.99%
DER(5)2.14%
Volume3.38M
Volume Incr-29.67%
Vol(5)5.22M
Vol(50)6.78M