Weaker Buy Today RDFN ranks #624 as BUY CANDIDATE. Stronger Buy
Today RDFN ranks #624 as BUY CANDIDATE.

RDFN stock Redfin Corp

RDFN stock
Redfin Corp

March 19, 2019
Change 3.25%
Chart period: 2018-12-20 - 2019-03-19
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will RDFN stock price go up or down on Thu, 21 Mar 2019?

Redfin Corp Forecast and Stock Analysis

Technical RDFN stock analysis for March 19, 2019.

Buy candidate since 2019-03-19
Shorts n/a
Cash n/a
Loans n/a
Beta 0.90
ROA -10.18

Redfin Corp gained 3.25% in the last trading day, rising from $18.45 to $19.05 The price has fallen in 7 of the last 10 days and is down by -6.71% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.62 million more shares were traded than the day before. In total, 1.31 million shares bought and sold for approximately $24.90 million.

Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the RDFN stock was $19.05. This is 3.25% more than the trading day before Monday, 18th Mar 2019.

During day the stock fluctuated 3.65% from a day low at $18.65 to a day high of $19.33.

30 day high of the RDFN stock price was $20.74 and low was $18.26.
90 day high was $20.74 and low was $13.57.
52 week high for the Redfin Corp - $26.01 and low - $13.50.

Trend

Redfin Corp lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $18.54 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 32.47% during the next 3 months and, with 90% probability hold a price between $24.56 and $29.36 at the end of this period.

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Signals

Only positive signals in the chart today. Redfin Corp holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $18.83 and $18.83. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday March 18, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 42 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Redfin Corp finds support from accumulated volume at $18.65.

Support: $18.65 Price: $19.05 Resistance: $19.10

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.68 (3.65%) between high and low. For the last week, the stock has had a daily average volatility of 3.36%.

Our recommended stoploss: $18.04 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Buy Candidate.

Weaker Buy Today RDFN ranks #624 as BUY CANDIDATE. Stronger Buy
Today RDFN ranks #624 as BUY CANDIDATE.