REDROW PLC (RDW.L) Stock Technical Analysis
LON:RDW - London Exchange - GB00BG11K365 - Common Stock - Currency: GBX
Taking everything into account, RDW scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RDW has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RDW did better than 95% of all other stocks. On top of that, RDW also shows a nice and consistent pattern of rising prices.
RDW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RDW has a been trading in the 702.00 - 807.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although RDW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
468.15
801.18
4 important support areas can be observed.
- A support zone ranging from 725.55 to 732.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 698.49 to 713.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @648.50 from a horizontal line in the daily time frame.
- Support @472.88 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RDW.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDW.L is up. |
| ChartMill Relative Strength | 95.81 | POSITIVE | RDW.L has a high relative strength, it outperformed 95.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDW.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDW.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDW.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.57 | NEUTRAL | The RSI value for RDW.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.45 | POSITIVE | The MACD value suggests RDW.L has a positive trend. |
| Stochastics (14,3) | 89.26 | OVERBOUGHT | The high Stochastics value suggests RDW.L may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for RDW.L suggests some volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for RDW.L suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
LON:RDW (8/21/2024, 5:29:42 PM)
793.25
+3.25 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.41%
1 Week2.89%
2 Weeks7.85%
1 Month10.79%
3 Month10.1%
6 Month19.29%
12 Month74.42%
2 Year56.92%
3 Year12.14%
5 Year43.7%
10 Year189.4%
15 Year220.76%
Volatility
ATR(14)19.27
ATR(20)%2.26%
ATR Inc-20.59%
Range Today11.5
ADR(20)15.9
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.81
Mansfield1.35
10 Day High807.5
10 Day Low718.5
20 Day High807.5
20 Day Low702
52 Week High807.5
52 Week Low451.6
CS1 End732.63
CR1 StartN/A
Volume & EV
DER(3)0.49%
DER(5)-1.91%
Volume1.35M
Volume Incr207.04%
Vol(5)681.73K
Vol(50)247.02K