Redfin stock: buy or sell

RDFN stock price: $58.57 -0.88% At close on Jul 30th, 2021

Updated on:
Aug 1st, 2021

1

Redfin stock brief

  • Redfin stock only moved -0.88% to close at $58.57 on the stock market on Friday.
  • Last Thursday, Redfin released its Q2 financial report
  • Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada.

Should I buy Redfin stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $RDFN stock a buy?

In the current situation of Redfin there is not any eligible buy setup. This doesn't mean $RDFN will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Redfin stock?

When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Trading strategies allow us to avoid impulsive decisions based on our feelings or the noise that surrounds the market. We like very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for shorting Redfin stock

As a rule of thumb, you must never keep a trade that results in greater losses than those expected by the time of purchase. The moment to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Redfin stock?

In the current situation of Redfin there is not any eligible sell setup, so Redfin stock holders with operations in profit can keep their positions

Redfin ratings

In the last 30 days we couldn't find any rating for Redfin

Redfin stock analysis

SMAs overview

RDFN stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $59.47 (1.54% above)
  • R2: $61.14 (4.39% above)
  • R3: $65.41 (11.68% above)
  • The current supports are:

  • S1: $58.09 (-0.82% below)
  • S2: $56.31 (-3.86% below)
  • S3: $55.43 (-5.36% below)
  • Bollinger bands

    RDFN stock Bollinger Bands chart

    Relative strength index

    When the stays for so long below 70 and above 30, without signaling moments of overvaluation and undervaluation, the indicator becomes of little use, and we are currently in one of these cases.

    RDFN stock RSI chart

    Redfin stock price history

    Redfin went public priced at an adjusted price1 of $19.56 on Jul 2017. Since then, RDFN stock surged by 199.44%, with an average of 49.86% per year. If you had invested thousand dollars in Redfin stock at that time, it would worth $2,994.38 today.

    1: Adjusted price after possible price splits or reverse-splits

    RDFN stock price history chart

    Price target for Redfin stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and usually. Again, these predictions are not direct recommendations for individual traders and should not be trusted blindly.

    In the last month we couldn't find any price target published for Redfin stock.

    Earnings and financials

    Financial call was hosted by Redfin ($RDFN) last Thursday after posting the financial report.

    Same quarter one year ago, reported EPS was $-0.08, so recently posted EPS is 100.00%. Turnover skyrocketed a 40.48% on an annualized basis in the , from $1.9B to $2.7B last quarter.

    Redfin ($RDFN) is releasing financial report next November.

    Redfin performance

    RDFN performance compared
    Company1m3m6m
    Redfin ($RDFN) -8.00% -17.80% -19.40%

    Please read:
    The viewpoints published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the specific scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning reasons only

    Redfin summary

    Friday, July 30th, 2021
    Open$59
    Close$58.57
    Day range$58.02 - $59.82
    Previous close$59.09
    Session gain-0.88%
    Average true range$3.79
    50d mov avg$59.26
    100d mov avg$62.01
    200d mov avg$63.43
    Earnings dateNovember 3rd, 2021

    Frequently asked questions

    What is Redfin stock symbol?

    Redfin Corporation is a public company trading in the US stock market with the RDFN symbol

    Is Redfin stock a buy or sell?

    Redfin had no ratings in the last 4 weeks Read the article to get additional tips on trading RDFN stock.

    Will RDFN go up?

    There were no forecasts posted by analysts in the last 4 weeks for Redfin.