REDWIRE CORP (RDW) Stock Technical Analysis
NYSE:RDW - New York Stock Exchange, Inc. - US75776W1036 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to RDW. In the last year, RDW was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RDW did better than 97% of all other stocks. On top of that, RDW also shows a nice and consistent pattern of rising prices.
RDW is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 90% of 64 stocks in the same industry.
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 1616490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RDW is currently trading in the middle 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 slightly.
In the last month RDW has a been trading in the 10.48 - 16.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
7.57
16.10
We found 4 important support areas.
- Support @12.15 from a trend line in the daily time frame.
- Support @8.12 from a trend line in the weekly time frame.
- Support @7.98 from a trend line in the daily time frame.
- Support @7.65 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @15.51 from a trend line in the daily time frame.
- Resistance @15.94 from a horizontal line in the daily 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDW is up. |
| ChartMill Relative Strength | 97.8 | POSITIVE | RDW has a high relative strength, it outperformed 97.8% 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) | UP | POSITIVE | The current price of RDW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.73 | NEUTRAL | The RSI value for RDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests RDW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.12 | NEUTRAL | The Stochastics value for RDW is a neutral value. |
| Average True Range in percent/ATR (20) | 9.17 | HIGH VOLATILITY | The high ATR as a percentage value for RDW suggests high volalility. |
| Average Directional Index/ADX (14) | 31.35 | POSITIVE | The high ADX value value for RDW suggests a strong 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)
14.31
-0.12 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.83%
1 Week12.59%
2 Weeks10.67%
1 Month30.68%
3 Month2.43%
6 Month2.51%
12 Month178.41%
2 Year486.48%
3 Year228.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%9.17%
ATR Inc-1.27%
Range Today0.93
ADR(20)1.28
ADR(20)%8.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.8
Mansfield2.83
10 Day High16.56
10 Day Low11.31
20 Day High16.56
20 Day Low10.48
52 Week High26.66
52 Week Low4.84
CS1 End12.15
CR1 Start15.51
Volume & EV
DER(3)-2.99%
DER(5)-0.72%
Volume1.87M
Volume Incr85.81%
Vol(5)2.58M
Vol(50)1.62M