Redfin Corp Stock Technical Analysis

Redfin Corp Analyst Consensus

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Forecast Models View

Price Shifting View

Volatility Indicators View

Value Movement View

A focus of Redfin Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Redfin Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Redfin Corp Technical Analysis

Redfin Corp Trend Analysis

Use this graph to draw trend lines for Redfin Corp. You can use it to identify possible trend reversals for Redfin Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Redfin Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Redfin Corp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Redfin Corp applied against its price change over selected period. The best fit line has a slop of   0.05  , which may suggest that Redfin Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 92.14, which is the sum of squared deviations for the predicted Redfin Corp price change compared to its average price change.

Most technical analysis of Redfin help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Redfin from various momentum indicators to cycle indicators. When you analyze Redfin charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Redfin stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redfin Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.Note that the Redfin Corp information on this page should be used as a complementary analysis to other Redfin Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

When running Redfin Corp's price analysis, check to measure Redfin Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Redfin Corp is operating at the current time. Most of Redfin Corp's value examination focuses on studying past and present price action to predict the probability of Redfin Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redfin Corp's price. Additionally, you may evaluate how the addition of Redfin Corp to your portfolios can decrease your overall portfolio volatility.

Is Redfin Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Redfin Corp. If investors know Redfin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Redfin Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.