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Redfin Corporation(RDFN:NSD)

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Last Candle Pattern: Doji on 10/12/2018
Data as of end of day (EOD): Wednesday, December 12, 2018
$17.07

+0.270


BI RATING:

Neutral

% Change 1.61%
Volume 524,347
Open 16.93
Day High 17.32
Day Low 16.85
Previous Close 16.80

Daily Commentary

The stock price direction for the day for RDFN is UP. This stock is currently not trending in any direction or the stock may be fluctuating over the last 5 to 7 days, but after all the fluctuations, finds itself in roughly the same price point as it did when BullishInvestor.com started analyzing it 7 days earlier. As a result, the trend for this stock is too weak to properly analyze at this time. That being said, short spurts of share price increases or decreases can still occur even though a trend has not been properly analyzed which is why watching the BullishInvestor.com daily ratings may be able to pinpoint quick entry and exit levels in this stock. Based on BullishInvestor.com’s proprietary algorithms, RDFN is currently signalling NEUTRAL.

The most recent Candle Stick pattern for RDFN is the Belt-hold.

There are two possible reasons for the Hold rating currently given to RDFN. The first reason is that there may be indecision among the technical indicators or most of them may be neutral for RDFN. If the stock chart looks flat lined or is in the midst of a trend direction change, most likely this is why RDFN is showing Neutral. If, however the stock is currently in a visible up or down trend, the reason for the Hold may be because the BULLISH or BEARISH rating has already passed.

The last SELL was registered on Dec 10, 2018 when RDFN was trading at $16.99. Armed with this knowledge, there may still be some more strength left in this current trend or it may be near a tipping point, the market has not given a clear indication yet.

As such, it may be a wise decision to hold your stock or continue to wait on the sidelines in RDFN until BullishInvestor.com changes the rating for RDFN.

Technical Indicators

  
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[+] Bollinger Bands
[+] Exponential Moving Average
[+] Parabolic SAR
[+] Money Flow Index
[+] MACD
[+] Relative Strength Index
[+] Stochastics
[+] Williams %R

Did you know that BullishInvestor.com has an advanced view for RDFN which let’s experienced technical traders analyze the stock chart of RDFN and input specific technical indicators, moving averages, price bands and much more. To view and plot your custom technical stock chart, select the “advanced view” option for RDFN located near the top right hand corner of this page or simply click the button below.



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