RUNWAY GROWTH FINANCE CORP (RWAY) Stock Technical Analysis
NASDAQ:RWAY - Nasdaq - US78163D1000 - Common Stock - Currency: USD
Overall RWAY gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. RWAY was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, RWAY is a bad performer in the overall market: 79% of all stocks are doing better.
RWAY is one of the lesser performing stocks in the Capital Markets industry. 70% of 232 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month RWAY has a been trading in the 9.61 - 10.42 range, which is quite wide. It is currently trading near the high of this range.
RWAY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RWAY is lagging the market.
RWAY has an average technical rating and the quality of the presented setup is also 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
8.88
11.76
3 important support areas can be observed.
- A support zone ranging from 10.01 to 10.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.52 to 9.62. 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 8.97 to 9.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @10.28 from a trend line in the daily time frame.
- Resistance @10.97 from a trend line in the weekly time frame.
- Resistance @11.40 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.64 to 11.64. 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 | NEUTRAL | NEUTRAL | The long term trend for RWAY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RWAY is up. |
| ChartMill Relative Strength | 21.54 | NEGATIVE | RWAY has a low relative strength, it was outperformed by 78.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RWAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RWAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RWAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.79 | NEUTRAL | The RSI value for RWAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RWAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.84 | NEUTRAL | The Stochastics value for RWAY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for RWAY suggests low volalility. |
| Average Directional Index/ADX (14) | 18.94 | NEGATIVE | The low ADX value for RWAY 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)
10.27
+0.08 (+0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.79%
1 Week2.29%
2 Weeks1.58%
1 Month5.99%
3 Month-4.47%
6 Month-5.95%
12 Month-12.67%
2 Year-16.84%
3 Year-9.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%1.79%
ATR Inc3.3%
Range Today0.16
ADR(20)0.17
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.54
Mansfield-0.82
10 Day High10.42
10 Day Low9.95
20 Day High10.42
20 Day Low9.61
52 Week High12.09
52 Week Low8.35
CS1 End10.18
CR1 Start10.28
Volume & EV
DER(3)-1.28%
DER(5)1.63%
Volume256.16K
Volume Incr-14.42%
Vol(5)247.85K
Vol(50)310.39K