REDFIN CORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RDFN
ISIN:

REDFIN CORP. - Daily - Technical analysis published on 01/27/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 23.45 USD

My targets

25.68 USD (+2.72%)

27.97 USD (+11.88%)

My analysis

REDFIN CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 23.45 USD. The next resistance located at 25.68 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 27.97 USD. After this resistance, buyers could then target 31.32 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The REDFIN CORP. price is 25.00 USD. The price has increased by +0.20% since the last closing and was between 24.69 USD and 25.50 USD. This implies that the price is at +1.26% from its lowest and at -1.96% from its highest.

24.69

25.50

25.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of REDFIN CORP. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.98	21.14	23.45	25.00	25.68	27.97	31.32
Change (%)	-20.08%	-15.44%	-6.20%	-	+2.72%	+11.88%	+25.28%
Change	-5.02	-3.86	-1.55	-	+0.68	+2.97	+6.32
Level	Major	Minor	Major	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.77	24.02	24.49	24.74	25.21	25.46	25.93
Camarilla	24.75	24.82	24.88	24.95	25.02	25.08	25.15
Woodie	23.87	24.08	24.59	24.80	25.31	25.52	26.03
Fibonacci	24.02	24.30	24.47	24.74	25.02	25.19	25.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.40	20.57	22.04	23.21	24.68	25.85	27.32
Camarilla	22.79	23.04	23.28	23.52	23.76	24.00	24.25
Woodie	19.56	20.65	22.20	23.29	24.84	25.92	27.48
Fibonacci	20.57	21.58	22.20	23.21	24.22	24.84	25.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.98	17.29	19.22	20.53	22.46	23.77	25.70
Camarilla	20.25	20.55	20.84	21.14	21.44	21.73	22.03
Woodie	16.28	17.45	19.52	20.69	22.76	23.93	26.00
Fibonacci	17.29	18.53	19.30	20.53	21.77	22.54	23.77

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	77.68
MACD (12,26,9):	1.0300
Directional Movement:	27.63
AROON (14):	92.86
DEMA (21):	24.19
Parabolic SAR (0,02-0,02-0,2):	23.39
Elder Ray (13):	1.60
Super Trend (3,10):	23.02
Zig ZAG (10):	25.00
VORTEX (21):	1.2700
Stochastique (14,3,5):	93.73
TEMA (21):	24.65
Williams %R (14):	-11.21
Chande Momentum Oscillator (20):	3.53
Repulse (5,40,3):	2.9400
ROCnROLL:	1
TRIX (15,9):	0.5100
Courbe Coppock:	25.96

MA7:	24.31
MA20:	22.54
MA50:	21.33
MA100:	19.37
MAexp7:	24.20
MAexp20:	22.94
MAexp50:	21.48
MAexp100:	20.24
Price / MA7:	+2.84%
Price / MA20:	+10.91%
Price / MA50:	+17.21%
Price / MA100:	+29.07%
Price / MAexp7:	+3.31%
Price / MAexp20:	+8.98%
Price / MAexp50:	+16.39%
Price / MAexp100:	+23.52%

This member declared not having a position on this financial instrument or a related financial instrument.

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