REDWOODS ACQUISITION CORP (RWOD) Technical Analysis
NASDAQ:RWOD • US7580831094
Current stock price
RWOD Technical Rating and Analysis
Overall RWOD gets a technical rating of 0 out of 10. RWOD 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 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.
RWOD Weekly and Daily overview Charts
RWOD Setup Rating and Analysis
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
RWOD Support and Resistance Analysis
RWOD Technical Indicator Signal Analysis
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. |
RWOD Chart- and CandleStick Pattern Analysis
RWOD Technicals: Chart, Performance Metrics, Trend & Indicators
2.34
-3.56 (-60.34%)
REDWOODS ACQUISITION CORP / RWOD TA FAQ
What is the ChartMill technical rating of REDWOODS ACQUISITION CORP (RWOD) stock?
ChartMill assigns a technical rating of 0 / 10 to RWOD.
What is the trend direction for RWOD stock?
The current trend direction for REDWOODS ACQUISITION CORP (RWOD) is Bearish.
What is the RSI signal for REDWOODS ACQUISITION CORP (RWOD) stock?
REDWOODS ACQUISITION CORP (RWOD) has an RSI value of 26.2789. This indicates that the stock is currently oversold.
What is the short term momentum for RWOD stock?
The short term momentum for REDWOODS ACQUISITION CORP (RWOD) is negative.
What is the buy/sell signal for REDWOODS ACQUISITION CORP (RWOD) stock?
The buy/sell signal for REDWOODS ACQUISITION CORP (RWOD) is sell as both the short term and long term trends are negative.