REDWIRE CORP (RDW) Stock Technical Analysis
NYSE:RDW - New York Stock Exchange, Inc. - US75776W1036 - Common Stock - Currency: USD
Taking everything into account, RDW scores 1 out of 10 in our technical rating. RDW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
RDW is one of the lesser performing stocks in the Aerospace & Defense industry. 65% of 67 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.
In the last month RDW has a been trading in the 8.65 - 20.33 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
RDW has an average volume of 4695000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, RDW turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
The technical rating of RDW is bad and it also does not present a quality setup 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
7.57
18.85
2 important support areas can be observed.
- A support zone ranging from 8.81 to 8.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.65 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @18.21 from a trend line in the daily time frame.
- Resistance @18.66 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 | DOWN | NEGATIVE | The long term trend for RDW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDW is down. |
| ChartMill Relative Strength | 63.6 | NEUTRAL | RDW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDW is below a declining 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) | UP | MIXED | The current price of RDW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.43 | OVERSOLD | The low RSI value suggests RDW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.74 | NEGATIVE | The MACD value suggests RDW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.15 | OVERSOLD | The low Stochastics value suggests RDW may be oversold. |
| Average True Range in percent/ATR (20) | 14.53 | HIGH VOLATILITY | The high ATR as a percentage value for RDW suggests high volalility. |
| Average Directional Index/ADX (14) | 24.15 | NEUTRAL | The ADX value for RDW 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)
9.42
+0.6 (+6.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg6.8%
1 Week-35.96%
2 Weeks-34.85%
1 Month-44.52%
3 Month-22.98%
6 Month-60.12%
12 Month39.56%
2 Year192.55%
3 Year241.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%14.53%
ATR Inc-42.74%
Range Today0.97
ADR(20)1.22
ADR(20)%12.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.6
Mansfield-3.24
10 Day High15.73
10 Day Low8.65
20 Day High20.33
20 Day Low8.65
52 Week High26.66
52 Week Low5.67
CS1 End8.98
CR1 Start18.21
Volume & EV
DER(3)-1.79%
DER(5)-2.52%
Volume6.62M
Volume Incr133.65%
Vol(5)9.87M
Vol(50)4.70M