RUNWAY GROWTH FINANCE CORP (RWAY) Stock Technical Analysis
NASDAQ:RWAY - Nasdaq - US78163D1000 - Common Stock - Currency: USD
Taking everything into account, RWAY scores 1 out of 10 in our technical rating. RWAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RWAY is a bad performer in the overall market: 83% of all stocks are doing better.
RWAY is part of the Capital Markets industry. There are 232 other stocks in this industry, of which 74% are performing better than RWAY.
In the last month RWAY has a been trading in the 8.95 - 10.26 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
RWAY 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 RWAY is lagging the market slightly.
Although the technical rating is bad, RWAY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for RWAY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.20
11.19
When analyzing the support we notice one important area.
- Support @9.29 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.74 to 9.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.13 to 10.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.08 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 RWAY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RWAY is neutral. |
| ChartMill Relative Strength | 17.99 | NEGATIVE | RWAY has a low relative strength, it was outperformed by 82.01% 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) | DOWN | MIXED | The current price of RWAY is above a declining 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) | 50.51 | 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) | 49.21 | NEUTRAL | The Stochastics value for RWAY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for RWAY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.33 | 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)
9.7
-0.18 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.82%
1 Week-1.32%
2 Weeks-1.22%
1 Month7.06%
3 Month-14.39%
6 Month-8.14%
12 Month-20.1%
2 Year-21.46%
3 Year-14.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%2.67%
ATR Inc-33.03%
Range Today0.21
ADR(20)0.22
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.99
Mansfield-1.29
10 Day High9.97
10 Day Low9.49
20 Day High10.26
20 Day Low8.95
52 Week High12.15
52 Week Low8.35
CS1 End9.29
CR1 Start9.74
Volume & EV
DER(3)4.7%
DER(5)3.76%
Volume520.90K
Volume Incr18.02%
Vol(5)396.44K
Vol(50)421.75K