RUNWAY GROWTH FINANCE CORP (RWAY) Stock Technical Analysis
USA - NASDAQ:RWAY - US78163D1000 - Common Stock
Taking everything into account, RWAY scores 0 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.
RWAY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.74, a Stop Loss order could be placed below this zone.
More info and screens
9.50
When analyzing the support we notice one important area.
- A support zone ranging from 9.60 to 9.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 9.87 to 10.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.41 from a trend line in the daily time frame.
- Resistance @10.65 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.16 to 11.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.61 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The short term trend for RWAY is down. |
| ChartMill Relative Strength | 23.99 | NEGATIVE | RWAY has a low relative strength, it was outperformed by 76.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWAY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RWAY is below 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) | 44.19 | 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) | 45.31 | NEUTRAL | The Stochastics value for RWAY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for RWAY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for RWAY suggests a possible start of a new trend. |
9.85
-0.06 (-0.61%)
RUNWAY GROWTH FINANCE CORP / RWAY FAQ
What is the technical rating for RWAY stock?
ChartMill assigns a technical rating of 0 / 10 to RWAY.
What is the current trend direction of RUNWAY GROWTH FINANCE CORP (RWAY) stock?
The current trend direction for RUNWAY GROWTH FINANCE CORP (RWAY) is Bearish.
What is the RSI signal for RUNWAY GROWTH FINANCE CORP (RWAY) stock?
RUNWAY GROWTH FINANCE CORP (RWAY) has an RSI value of 44.1922. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RUNWAY GROWTH FINANCE CORP?
The MACD indicator for RUNWAY GROWTH FINANCE CORP (RWAY) has a value of 0.0189331, indicating a bearish trend.
Can you provide the support and resistance levels for RUNWAY GROWTH FINANCE CORP?
RUNWAY GROWTH FINANCE CORP (RWAY) has a support level at 9.74 and a resistance level at 9.87. Check the full technical report for our detailed analysis of RWAY support and resistance levels.