Redfin Corp Stock Analysis
Technical stock analysis for 22 January 2019
Redfin Corp fell by -12.55% in the last day from $18.48 to $16.16 The price has risen in 8 of the last 10 days and is up by 2.28% over the past 2 weeks. Volume has increased in the last day by 0.29 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.37 million shares bought and sold for approximately $22.16 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the RDFN stock was $16.16. This is 12.55% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 10.40% from a day low at $16.15 to a day high of $17.83.
30 day high of the RDFN stock price was $18.68 and low was $13.67.
90 day high was $18.68 and low was $13.50.
52 week high for the Redfin Corp - $26.01 and low - $13.50.
Redfin Corp lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.32% during the next 3 months and, with 90% probability hold a price between $14.57 and $19.10 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Redfin Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $17.33. On a fall, the stock will find some support from the long-term average at approximately $16.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Redfin Corp finds support from accumulated volume at $15.43.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.68 between high and low, or 10.40%. For the last week, the stock has had a daily average volatility of 6.44%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Redfin Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
|RDFN $16.16 $-2.32(-12.55%)|
RDFN is down $2.32 today, but where's it headed in 2019?
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