Overall RWAY gets a technical rating of 0 out of 10. RWAY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 238 other stocks in this industry, of which 72% are performing better than RWAY.
- RWAY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RWAY has a been trading in the 8.93 - 9.59 range, which is quite wide. It is currently trading near the lows of this range.
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 8.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.54
When analyzing the support we notice one important area.
- A support zone ranging from 8.63 to 8.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.13 to 9.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.60 to 9.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.31 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 | DOWN | NEGATIVE | The short term trend for RWAY is down. |
| ChartMill Relative Strength | 17.42 | NEGATIVE | RWAY has a low relative strength, it was outperformed by 82.58% 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) | UP | MIXED | The current price of RWAY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.09 | NEUTRAL | The RSI value for RWAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RWAY has a negative trend. |
| Stochastics (14,3) | 17.08 | OVERSOLD | The low Stochastics value suggests RWAY may be oversold. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for RWAY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.42 | NEGATIVE | The low ADX value for RWAY suggests a weak or negative trend. |
8.96
-0.13 (-1.43%)
RUNWAY GROWTH FINANCE CORP / RWAY FAQ
What is the technical rating for RWAY stock?
ChartMill assigns a technical rating of 1 / 10 to RWAY.
What is the trend direction for RWAY stock?
The current trend direction for RUNWAY GROWTH FINANCE CORP (RWAY) is Bearish.
What is the RSI signal for RWAY stock?
RUNWAY GROWTH FINANCE CORP (RWAY) has an RSI value of 41.0896. This indicates that the stock is currently neutral.
What is the short term momentum for RUNWAY GROWTH FINANCE CORP (RWAY) stock?
The short term momentum for RUNWAY GROWTH FINANCE CORP (RWAY) is negative.
What is the buy/sell signal for RWAY stock?
The buy/sell signal for RUNWAY GROWTH FINANCE CORP (RWAY) is sell as both the short term and long term trends are negative.