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Redfin Corporation

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RDFN trade ideas

Short Term and Long Term gains on $RDFNRedfin is a technology-driven real estate brokerage service that engages in buying and selling homes through their app. Their customer base has risen 23% From 2019 Q3 to 2020 Q3. They have increased their customer base during Covid-19! Redfin holds 1.04% of the entire US Housing Market currently. A bearish piece of news about Redfin is they had to undergo furlough of their employees due to Covid-19. With net debt at a negative, they own mostly equity as part of their assets and have free cashflow of $75M. Earnings are next week, and it is possible that Redfin beats its target estimate and sees more growth than Q3 earnings. Currently Redfin is due for a pullback, followed by a whole new run.
NASDAQ:RDFNLong
by zaestradamus
2
REDFIN CORPORATION Option DailyHey tradingview community, REDFIN CORPORATION is in an uptrend with a return of purchase volume made and a large hammer candle shape. In TIMEFRAME M1, a long-legged doji with past buy volume feedback, she came to the top of the bollinger to test it. Which is the top of the stabilization zone and test it great potential to breakout the price with the return of momentum. Thereafter the zone to penetrate in the second and to interfere on the last precedent above. With possible test of the top of the second zone for breakout to come and symbolic figure of 83.00. Little buying power to test the intermediate median of ANDREWS PITCHFORK. Please LIKE & FOLLOW, thank you!
NASDAQ:RDFNShort
by stephanelibatd
2
Redfin Is Showing Relative StrengthHousing entered 2020 with strong fundamentals (lack of supply, demographics). Coronavirus magnified those trends by lowering interest rates and driving people from urban apartments. Online real-estate brokerage Redfin has emerged as one of the top-performing names in the space, more than doubling on a year to-date basis. (It’s also risen more than 400 percent from its March low.) This month’s volatility has dragged RDFN downward. It managed to hit a new all-time high above $55 on September 10, but then fell back into the mid-40s. Interestingly, RDFN made a higher low yesterday than on September 4. This stands in sharp contrast with the broader market, which made a lower low this week. The stock is also holding its 50-day simple moving average (SMA). There could be more volatility in the near term if the S&P 500 needs to stabilize further. However, RDFN is in a unique space. Momentum followers could return if yesterday’s higher low remains in effect. Note: This chart uses TradeStation’s custom script Smart Relative Strength . TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:RDFN
by TradeStation
REDFIN Bottomed out | Full Send Into Earnings $RDFN$RDFN shines as mainstream housing outlet; Redfin has outperformed the AMEX:SPY . Trust the TA ~ The stock currently sits above what has proven to be strong support @ $43.9 Watching the orange trend line as support as well, it holds strong on the weekly timeframe. Looking to bounce off this. Possible long on hold above @ $43.9 Upside targets: $48, $50, $52.69 Possible Short Entry: $42.3 Caution needed in this stock as we have a possible Double Top pattern forming. Follow levels accordingly DotcomJack | MJ of Stonks
NASDAQ:RDFNLong
by DotcomJack