REDFIN CORP Technical Analysis (NASDAQ:RDFN)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the REDFIN CORP stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the RDFN stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for REDFIN CORP. Technical analysis uses an approach for REDFIN CORP stock analysis that does not care for the fair value of a company but uses price and volume data only.
REDFIN CORP Moving Average
Moving averages show the RDFN stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $22.24 is above the last closing price of $17.19 and the 50 day moving average of $22.83 is above the last closing price of $17.19. The 10 and 20 day periods can predict short term moving average trends.
REDFIN CORP Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like REDFIN CORP. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $17.19 is in the lower range of REDFIN CORP bollinger bands.
REDFIN CORP Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The REDFIN CORP MACD indicator is below 0 indicating a bearish trend.
REDFIN CORP Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 16.07 is the RSI value of RDFN stock.