REDWOODS ACQUISITION CORP (RWOD) Stock Technical Analysis
NASDAQ:RWOD - Nasdaq - US7580831094 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RWOD. RWOD'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than RWOD.
RWOD is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so RWOD is lagging the market.
In the last month RWOD has a been trading in the 2.22 - 8.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
The technical rating of RWOD is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.32
2.36
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 RWOD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWOD is down. |
| ChartMill Relative Strength | 0.75 | NEGATIVE | RWOD has a low relative strength, it was outperformed by 99.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWOD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RWOD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RWOD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.28 | OVERSOLD | The low RSI value suggests RWOD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests RWOD has a negative trend. |
| Stochastics (14,3) | 14.03 | OVERSOLD | The low Stochastics value suggests RWOD may be oversold. |
| Average True Range in percent/ATR (20) | 40.91 | HIGH VOLATILITY | The high ATR as a percentage value for RWOD suggests high volalility. |
| Average Directional Index/ADX (14) | 28.15 | POSITIVE | The high ADX value value for RWOD 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)
2.34
-3.56 (-60.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-60.34%
1 Week-64.06%
2 Weeks-58.58%
1 Month-60%
3 Month-81.11%
6 Month-78.13%
12 Month-77.15%
2 Year-76.32%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%40.91%
ATR Inc147.97%
Range Today3.58
ADR(20)0.9
ADR(20)%38.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.75
Mansfield-8
10 Day High7.35
10 Day Low2.22
20 Day High8.11
20 Day Low2.22
52 Week High13.1
52 Week Low2.22
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-0.46%
DER(5)-2.91%
Volume155.90K
Volume Incr52.89%
Vol(5)36.90K
Vol(50)167.38K