When applying indicators for technical analysis, traders and investors might want to check out the ATR or Average True Range. The current 14-day ATR for Redfin Corporation (RDFN) is currently sitting at 0.75. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.
Redfin Corporation (RDFN) is currently been handed a “Sell” trendspotter opinion. Trendspotter signal is determined by combining momentum, volatility and a bit of wave theory to assist in identifying a directional trend of a stock.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Redfin Corporation (RDFN)’s Williams Percent Range or 14 day Williams %R is resting at -67.76. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
Next we’ll take a peek at the Bollinger Band signal, specifically the 20 day reading. This indicator can be used to identify short-term overbought and oversold zones, to confirm divergences between prices and indicators and to predict future price targets. The 20-Day Bollinger Band currently is signaling a “Hold” for Redfin Corporation (RDFN).
Investors may use multiple technical indicators to help spot trends and buy/sell signals. Presently, Redfin Corporation (RDFN) has a 14-day Commodity Channel Index (CCI) of -147.98. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.
The Average Directional Index or ADX is a popular technical indicator designed to help measure trend strength. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Presently, the 14-day ADX for Redfin Corporation (RDFN) is 17.54. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to measure trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well.
Taking a peek at some Moving Averages, the 200-day is at 23.7, the 50-day is 22.36, and the 7-day is sitting at 22.05. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.
After a recent check, the stock’s first resistance level is 22.2, and the second resistance level is 22.79. On the other side, investors are watching the first support level of 21.03, and the second support level of 20.45.