RDFN fintech small cap reverses higher LONGRDFN on the 15 minute chart has move up from a low pivot which included a mass index
indicator triggering. ATH was $85 so current price is 7-8% of that ATH. I will take a long trade
here. My targets are the May high pivot at $8 and the January high pivot at $10 with a stop
loss at $6 to be managed as the price moves toward 8. RDFN to a certain degree is subject to
rates and federal actions. I am convinced that when the time is ripe the Biden administration
will pressure the " independent" fed into a rate cut which should give RDFN the momentum it
needs to push toward those targets or even higher.
RDFN
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 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.
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?
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)
Housing correlations - building, existing, selling.Simple chart to look at the relation between hew home builds, a broad housing ETF and a mortgage lender.
It demonstrates that they all have a strong correlation and that mortgage company performance is a leading indicator of housing market performance and that new build housing stocks are a leading indicator for the housing market in general.
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.
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: $42.3
Caution needed in this stock as we have a possible Double Top pattern forming. Follow levels accordingly
DotcomJack | MJ of Stonks
Z Bull Flag Breakout$Z is breaking out to new highs again before $RDFN earnings in an hour. Housing market has been on fire and $RDFN $Z should benefit. I hate earnings plays so I have a half position currently as I want the ability to double up after earning's prints. Also possible $Z gap up on $RDFN blowout so I want to take the risk exposure. I am long Jan $100c and short Sept $65p