$RDFN - things are turning upNASDAQ:RDFN Things are turning up. It is attempting to break out of the descending wedge, with oscillators turning upward. 🚀
R6G trade ideas
Redfin Shares Rise Amid Housing Market GrowthRedfin ( NASDAQ:RDFN ) shares are on the rise thanks to a decrease in mortgage rates and the White House’s proposed mortgage relief tax credit. The technology-driven real estate company has experienced a significant uptick in new home listings, resulting in a 13% increase nationwide and a 1.7% boost in total homes for sale. The U.S. housing market has grown by $2.4 trillion in the past year, reaching a total value of $47.5 trillion.
Redfin ( NASDAQ:RDFN ) stands out by providing a wide array of home-buying and renting options, disrupting the traditional home-buying process with lower sales commissions. However, the housing sector has faced challenges from rising mortgage rates and high home prices, impacting companies like Redfin ( NASDAQ:RDFN ). Despite recent stock price increases, revenue declines and increased losses have been observed as transactions slow down.
Analysts have a mixed outlook on Redfin shares ( NASDAQ:RDFN ), with a moderate sell consensus rating. Nonetheless, some see potential for growth amid the soaring real estate prices and concerns about affordability. In conclusion, Redfin’s ( NASDAQ:RDFN ) performance is shaped by market dynamics including mortgage rates, housing market value gains, and industry trends affecting real estate stocks like Redfin.
Redfin Corporation ( NASDAQ:RDFN ) Stock Surges 9.10%
Redfin Corporation ( NASDAQ:RDFN ) saw a significant increase in its stock performance. The company’s shares closed at $7.07, which was a $0.59 increase from the previous market close, representing a 9.10% rise in the stock price for the day. NASDAQ:RDFN is currently trading near the bottom of its 52-week range and below its 200-day simple moving average. Despite this, the stock showed strong momentum on March 8th, with investors showing confidence in the company’s potential for growth. In after-hours trading, NASDAQ:RDFN continued to see gains, with the stock rising an additional $0.11, further solidifying the positive trend seen throughout the day. Overall, NASDAQ:RDFN ’s stock performance was impressive, with the company experiencing a notable increase in its share price.
Redfin Corporation (RDFN) Stock Performance
Redfin Corporation ( NASDAQ:RDFN ) saw its stock performance impacted by its financial results for the past year and the fourth quarter. According to data from CNN Money, the total revenue for NASDAQ:RDFN stood at $976.67 million for the past year, with a significant decrease of 57.25% compared to the previous year. However, the total revenue remained flat at $218.08 million for the fourth quarter.
NASDAQ:RDFN reported a net loss of $130.03 million for the past year, which represented an increase of 59.51% compared to the previous year. For the fourth quarter, the net loss was $22.90 million, indicating a decrease of 20.69% compared to the previous quarter.
Despite the challenging financial results, NASDAQ:RDFN managed to increase its earnings per share (EPS) over the past year. The EPS was reported at -$1.16 for the past year, reflecting a 61.25% increase compared to the previous year. For the fourth quarter, the EPS was -$0.20, showing no change compared to the previous quarter.
Overall, NASDAQ:RDFN ’s stock performance was likely influenced by the mixed financial results. While the company saw a significant decrease in total revenue, it managed to increase its net income and EPS over the past year. Investors may be closely monitoring NASDAQ:RDFN ’s financial performance and evaluating the company’s strategies for future growth and profitability.
$RDFN - Saved at the last minuteI can hear a sigh of relief from the bulls. Still needs a follow through.
RDFN fintech penny stock pre-earnings LONGOn the RDFN shows the trend up after a massive earnings beat and then the fade down into
this past week. Price is presently situated at the 0.5 Fib level of the retracement of that
trend up. Time is presently at the 0.38 Fib time zone extending from the trend up.
The dual TF RSI shows the lines jumping over the 50 level in the past couple of days.
The ADX indicator shows the ADX+ crossing over ADX- with the ADX+ now over the 20 threshold.
I see RDFN as set for a pre-earnings momentum trade and will also take call options for
the Feb 16 expiration the day after the report ( Striking $8 & 8.5). Of interest, a rate cut
may be getting baked into RDFN.
$RDFN - Probably nothing.NASDAQ:RDFN Looks like forming Head and Shoulder. If the price breaks below $9 it can see further downside.
Note only if the price breaks below the neckline around $9, the pattern is validated.
On the other hand if the price breaks above $10.50, the pattern is invalidated.
Tomorrow CPI data will determine, whether or not the neckline support hold.
Redfin Corporation breaking out of a daily flag formationRedfin Corporation #RDFN
125% gain off the lows.
Flagging on the Daily.
The 10EMA acting as support on the way up.
8.6% ADR.
Took on the break of the 1 Min ORH on the Daily flag.
0.25% stop loss.
Would like to see greater volume by now in the first hour of trade.
$14 target (may take partials on the way).
Pullback Buy in RDFNRDFN is a stock we bought in my Alpha Stocks service on June 27 when it broke out above resistance at 11.50.
It rallied 50% over the next three weeks but has now pulled back to a level where I would consider adding to or taking a new position.
Redfin is a powerful stock, but it also has a history of 15-20% pullbacks throughout its up moves. As of Friday morning, the stock is 20% off its high with support at the 21-day exponential moving average which has contained this surge thus far.
Traders may consider buying here with a stop loss near $13.
CAn RDFN ( RedFin) Maintain its Post Earnings High ?RDFN jumped with a 30% + pop from very favorable earnings with a volume spike
Can it hold the price in the sessions of next week or will in bounce down
from the supply /resistance zone charted by the LuxAlgo indicator. What
are the probabilities? Long or short? What do you think? Is this a drop about to
drop or can the momentum catch a breath and run hard again?
Redfin brokerage levels look fairly attractiveCurrently looking at entry points, however staying flat. Will continue to monitor and evaluate quotes, volume and EMAs for macro sentiment.
Please review Animal Spirits latest episode as they are long related stocks such as zillow.
RDFN | Good Entry Point | RedfinRedfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.
Sell to Open RDFN Nov 18 2022 4 Put Limit at $0.05 Sell to Open RDFN Nov 18 2022 4 Put Limit at $0.05 (Good 'til Canceled) 5 wave count downtrend is over expect uptrend or ABC I don't mind owning RDFN at $4.
Proving EWTSome people can't see what's under their nose. This proves Elliott wave analysis works. It depends on the time frame you look at
RDFN ( FINTECH STOCK) is reboundingon the one-hour NASDAQ:RDFN chart. Earnings were a miss as compared with the first quarter
However, it is showing a reversal pattern in the mid-term price action validated
by the Awesome Oscillator and Relative Volume Strength Index applied to the chart.
Call Option $ 13 for 9/16/22 with 86% volatility looks to be a candidate
( not financial advice or recommendation but only education or entertainment)
REDFIN Buy OpportunityREDFIN is at 19$ a share.. Price made a previous high and pulled back for the ultimate discount
$RDFN REDFIN is taking over the real estate game!REDFIN $RDFN is about to break out of it's descending triangle on the daily.
This has MASSIVE long written all over. Still waiting for confirmation but this could be a big one!
Trending down to $50 supportLots of insider selling on Friday, RED EMA clould trend likely to continue.
RDFN: A Bullish Movement Is Expected After The Break OutAfter completed a bearish ABC correction pattern the price is moving above the pattern. A small correction is expected as beginning before moving higher again.
Targets here are based on structure resistance.
Targets:
$63.15
$64.90
Thank you and Good Luck!
There's something good about to happen here! 🤞We have a trading range in the 30min, between the 60.46 and the 58.76.
When we look at the daily chart, we see that RDFN is slowly accumulating, and we are near the support at 56.23 and the 20ma. The BB are getting tight, and if RDFN breaks the 60.46 there’s a good chance it’ll hit the 64s.
This could be the beginning of an impressive movement next, leading to the 72.85. Just in case, I’ll watch the supports mentioned, as if RDFN loses them, it’ll probably drop more. But I this well see a bullish movement after this accumulation.
A breakout from the 60.46 will be the first step to confirm this thesis.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
$RDFN - Housing recovery play is breaking out!Redfin has been trending down since mid February and has a confirmed breakout on the daily chart. I am expecting an uptrending move towards earnings in two months. The PT is $72 by mid July with a possible extension to $87.
RDFN another strong ER run PossibilitySqueezing on 30min/39/78 min / daily .
Been consolidating as well since the last 2 months.
RDFN May 7 80 calls @ 1.30.
With housing prices continually to rise and low inventory. I can only see this as positive sentiment moving forward. If the position doubles before er we can hold half and take for profit.
