REDWIRE CORP (RDW) Stock Technical Analysis
NYSE:RDW - New York Stock Exchange, Inc. - US75776W1036 - Common Stock - Currency: USD
Overall RDW gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RDW is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that RDW is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, RDW also shows a nice and consistent pattern of rising prices.
RDW is part of the Aerospace & Defense industry. There are 67 other stocks in this industry. RDW outperforms 92% of them.
In the last month RDW has a been trading in the 14.71 - 20.33 range, which is quite wide. It is currently trading near the high of this range.
RDW has an average volume of 3561470 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 currently trading near new highs, so RDW is lagging the market.
Volume is considerably higher in the last couple of days.
Although RDW has an excellent technical rating, the quality of the presented setup is not ideal 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
19.60
When analyzing the support we can see 5 important areas.
- A support zone ranging from 16.29 to 16.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.65 to 15.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.15 from a horizontal line in the daily time frame.
- Support @8.72 from a trend line in the weekly time frame.
- Support @7.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.18 to 19.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 96.7 | POSITIVE | RDW has a high relative strength, it outperformed 96.7% 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) | 53.08 | NEUTRAL | The RSI value for RDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests RDW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.82 | OVERBOUGHT | The high Stochastics value suggests RDW may be overbought. |
| Average True Range in percent/ATR (20) | 7.66 | HIGH VOLATILITY | The high ATR as a percentage value for RDW suggests high volalility. |
| Average Directional Index/ADX (14) | 18.4 | NEGATIVE | The low ADX value for RDW suggests a weak or negative 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)
17.37
-2.04 (-10.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-10.51%
1 Week-2.03%
2 Weeks12.21%
1 Month9.52%
3 Month55.09%
6 Month-18.22%
12 Month139.92%
2 Year377.2%
3 Year426.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%7.66%
ATR Inc67.24%
Range Today2.99
ADR(20)1.31
ADR(20)%7.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.7
Mansfield2.9
10 Day High20.33
10 Day Low14.71
20 Day High20.33
20 Day Low14.71
52 Week High26.66
52 Week Low4.87
CS1 End16.55
CR1 Start19.18
Volume & EV
DER(3)0.32%
DER(5)-1.23%
Volume6.47M
Volume Incr20.7%
Vol(5)5.34M
Vol(50)3.56M