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%
0%
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
0
10
8.9
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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:
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
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
S3
S2
S1
R1
R2
R3
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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