RDW Technical Analysis - REDWIRE CORP

Technical Rating and Analysis

Taking everything into account, RDW scores 1 out of 10 in our technical rating. RDW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

79% of all other stocks performed better in the past year than RDW.

RDW is one of the lesser performing stocks in the Aerospace & Defense industry. 75% of 69 stocks in the same industry do better.

RDW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

RDW has an average volume of 5238230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month RDW has a been trading in the 7.77 - 10.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

RDW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for RDW in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.81

17.71

We found 1 important support area.

Support @7.89 from a trend line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 9.34 to 9.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @16.39 from a trend line in the daily time frame.
Resistance @17.53 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for RDW is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RDW is neutral.
ChartMill Relative Strength	21.31	NEGATIVE	RDW has a low relative strength, it was outperformed by 78.69% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RDW is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RDW is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RDW is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.65	NEUTRAL	The RSI value for RDW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.27	POSITIVE	The MACD value suggests RDW has a positive trend.
Stochastics (14,3)	55.6	NEUTRAL	The Stochastics value for RDW is a neutral value.
Average True Range in percent/ATR (20)	5.82	HIGH VOLATILITY	The high ATR as a percentage value for RDW suggests high volalility.
Average Directional Index/ADX (14)	27.67	POSITIVE	The high ADX value value for RDW suggests a strong trend.