REDFIN CORP. - Daily - Technical analysis published on 10/19/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 51.10 USD
My targets
47.03 USD (-6.11%)
41.59 USD (-16.98%)
My analysis
The bearish trend is currently very strong for REDFIN CORP.. As long as the price remains below the resistance at 51.10 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 47.03 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 41.59 USD as an objective. Crossing it would then enable sellers to target 32.21 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The REDFIN CORP. rating is 50.09 USD. The price registered a decrease of -2.61% on the session with the lowest point at 48.50 USD and the highest point at 50.78 USD. The deviation from the price is +3.28% for the low point and -1.36% for the high point.48.50
50.78
50.09
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of REDFIN CORP. indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.66 | 32.21 | 47.03 | 50.09 | 51.10 | 60.76 | 71.85 |
| Change (%) | -52.77% | -35.70% | -6.11% | - | +2.02% | +21.30% | +43.44% |
| Change | -26.43 | -17.88 | -3.06 | - | +1.01 | +10.67 | +21.76 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.52 | 47.51 | 48.80 | 49.79 | 51.08 | 52.07 | 53.36 |
| Camarilla | 49.46 | 49.67 | 49.88 | 50.09 | 50.30 | 50.51 | 50.72 |
| Woodie | 46.67 | 47.59 | 48.95 | 49.87 | 51.23 | 52.15 | 53.51 |
| Fibonacci | 47.51 | 48.38 | 48.92 | 49.79 | 50.66 | 51.20 | 52.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.52 | 47.51 | 48.80 | 49.79 | 51.08 | 52.07 | 53.36 |
| Camarilla | 49.46 | 49.67 | 49.88 | 50.09 | 50.30 | 50.51 | 50.72 |
| Woodie | 46.67 | 47.59 | 48.95 | 49.87 | 51.23 | 52.15 | 53.51 |
| Fibonacci | 47.51 | 48.38 | 48.92 | 49.79 | 50.66 | 51.20 | 52.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.57 | 41.59 | 45.84 | 50.86 | 55.11 | 60.13 | 64.38 |
| Camarilla | 47.55 | 48.40 | 49.25 | 50.10 | 50.95 | 51.80 | 52.65 |
| Woodie | 36.20 | 41.40 | 45.47 | 50.67 | 54.74 | 59.94 | 64.01 |
| Fibonacci | 41.59 | 45.13 | 47.32 | 50.86 | 54.40 | 56.59 | 60.13 |
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): | 49.19 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -1.33 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 49.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.39 | |
| Elder Ray (13): | -0.53 | |
| Super Trend (3,10): | 46.81 | |
| Zig ZAG (10): | 50.09 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 55.30 | |
| TEMA (21): | 50.38 | |
| Williams %R (14): | -53.68 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 7.34 |
| MA7: | 49.95 | |
| MA20: | 50.56 | |
| MA50: | 50.39 | |
| MA100: | 55.04 | |
| MAexp7: | 50.37 | |
| MAexp20: | 50.21 | |
| MAexp50: | 51.49 | |
| MAexp100: | 54.35 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -0.60% | |
| Price / MA100: | -8.99% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -2.72% | |
| Price / MAexp100: | -7.84% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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