Redfin (RDFN, $17.98) gets upgraded to overweight from underweight by Stephens
Real-estate brokerage company Redfin’s shares climbed more than +6% Monday, following a rating upgrade by Stephens.
Stephens analyst John Campbell raised his rating on the stock to overweight from underweight. He also increased his price target to $23 from $18.
Campbell cited Redfin’s market position, strategy, its drive towards e-commerce as factors behind the optimism. He also indicated that Redfin stock is currently at an attractive valuation. He expects improved operating results at Redfin in the near future starting with “impressive 2Q19 results”.
RDFN in +6.65% Uptrend, advancing for three consecutive days on June 23, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where RDFN advanced for three days, in of 274 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 176 cases where RDFN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for RDFN moved out of overbought territory on June 25, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 25 similar instances where the indicator moved out of overbought territory. In of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where RDFN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RDFN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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General Information
a provider of real estate brokerage services
Industry RealEstateDevelopment
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