REDWIRE CORP (RDW) Technical Analysis
NYSE:RDW • US75776W1036
Current stock price
RDW Technical Rating and Analysis
Overall RDW gets a technical rating of 3 out of 10. RDW performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 70% of all other stocks performed better in the past year than RDW.
- RDW is part of the Aerospace & Defense industry. There are 80 other stocks in this industry, of which 62% are performing better than RDW.
- RDW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDW is lagging the market.
- In the last month RDW has a been trading in the 7.43 - 10.31 range, which is quite wide. It is currently trading near the high of this range.
- RDW has an average volume of 23094600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RDW Weekly and Daily overview Charts
RDW Setup Rating and Analysis
RDW has a poor technical rating and the quality of the setup is also not perfect 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
RDW Support and Resistance Analysis
5.34
When analyzing the support we can see 2 important areas.
- Support @7.84 from a trend line in the daily time frame.
- Support @5.39 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @9.92 from a horizontal line in the weekly time frame.
- Resistance @10.14 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.27 to 12.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
RDW 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 | NEUTRAL | NEUTRAL | The long term trend for RDW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RDW is neutral. |
| ChartMill Relative Strength | 30.75 | NEUTRAL | RDW is not amongst the best or worst performers 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 | MIXED | The current price of RDW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RDW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.35 | NEUTRAL | The RSI value for RDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RDW has a positive trend. |
| Stochastics (14,3) | 74.42 | NEUTRAL | The Stochastics value for RDW is a neutral value. |
| Average True Range in percent/ATR (20) | 8.37 | HIGH VOLATILITY | The high ATR as a percentage value for RDW suggests high volalility. |
| Average Directional Index/ADX (14) | 12.41 | NEGATIVE | The low ADX value for RDW suggests a weak or negative trend. |
RDW Chart- and CandleStick Pattern Analysis
RDW Technicals: Chart, Performance Metrics, Trend & Indicators
9.91
+0.18 (+1.85%)
REDWIRE CORP / RDW TA FAQ
What is the technical rating for RDW stock?
ChartMill assigns a technical rating of 3 / 10 to RDW.
Can you provide the trend direction for REDWIRE CORP?
The current trend direction for REDWIRE CORP (RDW) is Bearish.
Can you provide the RSI signal for REDWIRE CORP?
REDWIRE CORP (RDW) has an RSI value of 56.3486. This indicates that the stock is currently neutral.
What is the MACD signal for RDW stock?
The MACD indicator for REDWIRE CORP (RDW) has a value of 0.0697333, indicating a bearish trend.
Can you provide the support and resistance levels for REDWIRE CORP?
REDWIRE CORP (RDW) has a support level at 7.84 and a resistance level at 9.92. Check the full technical report for our detailed analysis of RDW support and resistance levels.