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. RDW has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RDW did better than 98% of all other stocks. We also observe that the gains produced by RDW over the past year are nicely spread over this period.
RDW is part of the Aerospace & Defense industry. There are 64 other stocks in this industry. RDW outperforms 93% of them.
RDW has an average volume of 2264080 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 11.33 - 22.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RDW has an excellent technical rating, but the quality of the setup is only medium 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
19.27
When analyzing the support we can see 4 important areas.
- A support zone ranging from 16.49 to 16.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.73 from a trend line in the daily time frame.
- Support @8.34 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.
- Resistance @19.08 from a horizontal 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 | 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 | 98.03 | POSITIVE | RDW has a high relative strength, it outperformed 98.03% 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) | 52.46 | NEUTRAL | The RSI value for RDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests RDW has a negative trend. |
| Stochastics (14,3) | 51.3 | NEUTRAL | The Stochastics value for RDW is a neutral value. |
| Average True Range in percent/ATR (20) | 11.64 | HIGH VOLATILITY | The high ATR as a percentage value for RDW suggests high volalility. |
| Average Directional Index/ADX (14) | 37.26 | 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)
16.61
-0.09 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.54%
1 Week-17.2%
2 Weeks-2.41%
1 Month35.15%
3 Month44.81%
6 Month19.58%
12 Month184.91%
2 Year551.37%
3 Year446.38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.02
ATR(20)%11.64%
ATR Inc41.22%
Range Today0.84
ADR(20)1.72
ADR(20)%10.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.03
Mansfield3.86
10 Day High22.25
10 Day Low16.12
20 Day High22.25
20 Day Low11.33
52 Week High26.66
52 Week Low4.87
CS1 End16.6
CR1 Start19.08
Volume & EV
DER(3)1.9%
DER(5)1.73%
Volume3.82M
Volume Incr107.48%
Vol(5)5.66M
Vol(50)2.26M