Redfin stock: buy or sell

RDFN stock price: $76.77 -1.17% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

1

Redfin stock brief

  • Redfin stock sliced -1.17% to close at $76.77 on the stock market today, after 3 consecutive sessions in negative.
  • Redfin Corporation operates as a real estate brokerage company in the United States and Canada.

Should I buy Redfin stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 own stock shares with some profit, it's really hard to decide the good moment to sell and get your profits. Just as when we have to buy shares, deciding when is the best time to sell is not a fickle decision, and we must adhere our own trading strategy. When selling, as well as buying, our setups are very easy to use and are only applicable for selling shares in your porfolio, not for selling short $RDFN stock

As a rule of thumb, you must never keep a trading operation that leads to greater losses than those expected by the time of the buy. The moment to sell shares should always be ruled 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 month, 4 brokerage ratings were published for Redfin

Redfin analysts' ratings - Last 30 days
Brokerage firmRating
Dec 21st, 2020
Oppenheimer
Truist Neutral
Jan 6th, 2021
Wedbush BuyBuy
Jan 12th, 2021
BTIG Research Strong buyNeutral

Redfin stock analysis

SMAs overview

RDFN stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $81.69 (6.41% above)
  • R2: $83.71 (9.04% above)
  • The current supports are:

  • S1: $65.69 (-14.43% below)
  • S2: $56.31 (-26.65% below)
  • S3: $55.43 (-27.80% below)
  • Bollinger bands

    RDFN stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for just one day (weak signal). The RSI value last Friday was 62.35

    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 has risen by 292.48%, with an average of 97.49% per year. An investment of $1,000USD on Jul 2017 would worth $3,924.85 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. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and usually. If you are a small investor you shouldn't trade based on these projections.

    The average price target for Redfin stock calculated from the table below is $85.00. Redfin closed at $76.77 last Friday, so the target price is predicting an increase by 10.72%.

    Redfin stock price predictions
    Brokerage firmPrice target
    Dec 21st, 2020
    Oppenheimer Not available
    Truist $63.00$84.00
    Jan 6th, 2021
    Wedbush $59.00$86.00
    Jan 12th, 2021
    BTIG Research Not available

    Earnings and financials

    Redfin Corporation ($RDFN) came out with quarterly earnings of $0.30 per share last November, highly upping the Market consensus estimate of $0.25 per share. This quarterly report represents an earnings surprise of 20.00%. Revenue resulted of $236.9 million compared to $227.0 million forecasted by analysts.

    This compares to Earnings of $0.07 per share same quarter last year, so current EPS means an improvement of 328.57%. Turnover only changed on an annualized basis in the , from $2.4B to $2.4B last quarter.

    Redfin ($RDFN) will host the earnings call mid next February. Forecasted for this quarter is $0.04, compared to $0.30 that was reported for Q3.

    Redfin performance

    RDFN performance compared
    Company1m3m6m
    Redfin ($RDFN) 12.90% 49.60% 99.00%

    Disclaimer:
    The comments expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the particular conditions of the reader, his or her financial statements 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 Thoughts are expressed for learning purposes only

    Redfin summary

    Friday, January 15th, 2021
    Open$76.66
    Close$76.77
    Day range$74.51 - $78.13
    Previous close$77.68
    Session gain-1.17%
    Average true range$5.18
    50d mov avg$59.40
    100d mov avg$53.90
    200d mov avg$43.03
    Earnings dateFebruary 10th, 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 received 4 ratings in the last 30 days: 1 bullish, 0 bearish and 2 neutral.

    Will RDFN go up?

    Redfin had different price forecasts issued by analysts in the last 30 days forecasting the target price to $85.00. That is a 10.72% than the current price ($76.77).