REDWIRE CORP (RDW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDW - US75776W1036 - Common Stock
We assign a technical rating of 3 out of 10 to RDW. Recently some decent action could be observed, but in the medium term time frame this is still negative. RDW was also a bad performer in the overall market in the last year.
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
5.34
2 important support areas can be observed.
- Support @6.99 from a horizontal line in the daily time frame.
- Support @5.39 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.92 to 8.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.22 from a trend line in the daily time frame.
- Resistance @8.53 from a horizontal line in the daily time frame.
- Resistance @14.90 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 | UP | POSITIVE | The short term trend for RDW is up. |
| ChartMill Relative Strength | 8.04 | NEGATIVE | RDW has a low relative strength, it was outperformed by 91.96% 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) | DOWN | MIXED | The current price of RDW is above a declining 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) | 54.81 | NEUTRAL | The RSI value for RDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RDW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.69 | NEUTRAL | The Stochastics value for RDW is a neutral value. |
| Average True Range in percent/ATR (20) | 10.64 | HIGH VOLATILITY | The high ATR as a percentage value for RDW suggests high volalility. |
| Average Directional Index/ADX (14) | 26.87 | POSITIVE | The high ADX value value for RDW suggests a strong trend. |
7.6
-0.34 (-4.28%)
REDWIRE CORP / RDW 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.
What is the RSI signal for REDWIRE CORP (RDW) stock?
REDWIRE CORP (RDW) has an RSI value of 54.8127. This indicates that the stock is currently neutral.
What is the MACD signal for REDWIRE CORP (RDW) stock?
The MACD indicator for REDWIRE CORP (RDW) has a value of 0.0506399, indicating a bearish trend.
Can you provide the short term momentum for REDWIRE CORP?
The short term momentum for REDWIRE CORP (RDW) is positive.