REDWIRE CORP (RDW) Technical Analysis
NYSE:RDW • US75776W1036
Current stock price
RDW Technical Rating and Analysis
Overall RDW gets a technical rating of 2 out of 10. 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.
- When comparing the yearly performance of all stocks, RDW is a bad performer in the overall market: 88% of all stocks are doing better.
- RDW is one of the lesser performing stocks in the Aerospace & Defense industry. 75% of 80 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 8.47 - 12.30 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.
- RDW has an average volume of 19878800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
RDW Weekly and Daily overview Charts
RDW Setup Rating and Analysis
Although the technical rating is bad, RDW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
RDW Support and Resistance Analysis
5.34
When analyzing the support we can see 5 important areas.
- Support @8.59 from a horizontal line in the daily time frame.
- Support @8.41 from a trend line in the daily time frame.
- Support @8.11 from a trend line in the daily time frame.
- A support zone ranging from 7.89 to 7.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.39 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.35 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 11.70 to 11.71. 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 | DOWN | NEGATIVE | The short term trend for RDW is down. |
| ChartMill Relative Strength | 12.81 | NEGATIVE | RDW has a low relative strength, it was outperformed by 87.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RDW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RDW is below the rising 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) | 46.92 | NEUTRAL | The RSI value for RDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests RDW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.42 | OVERSOLD | The low Stochastics value suggests RDW may be oversold. |
| Average True Range in percent/ATR (20) | 10.65 | HIGH VOLATILITY | The high ATR as a percentage value for RDW suggests high volalility. |
| Average Directional Index/ADX (14) | 19.11 | 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
9.19
+0.59 (+6.86%)
REDWIRE CORP / RDW TA FAQ
What is the technical rating for RDW stock?
ChartMill assigns a technical rating of 2 / 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 46.9239. 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 -0.174419, indicating a bearish trend.
Can you provide the support and resistance levels for REDWIRE CORP?
REDWIRE CORP (RDW) has a support level at 8.59 and a resistance level at 10.35. Check the full technical report for our detailed analysis of RDW support and resistance levels.