REDWOOD TRUST INC (RWT) Stock Technical Analysis
NYSE:RWT - New York Stock Exchange, Inc. - US7580754023 - REIT - Currency: USD
Taking everything into account, RWT scores 0 out of 10 in our technical rating. RWT'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.
When comparing the yearly performance of all stocks, RWT is a bad performer in the overall market: 79% of all stocks are doing better.
RWT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 65 other stocks in this industry, of which 71% are performing better than RWT.
RWT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RWT is lagging the market.
In the last month RWT has a been trading in the 5.37 - 6.26 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.
RWT has an average volume of 1155640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of RWT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.40
8.30
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 5.80 to 6.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.13 from a trend line in the daily time frame.
- Resistance @6.23 from a horizontal line in the daily time frame.
- Resistance @6.41 from a horizontal line in the daily time frame.
- Resistance @6.64 from a horizontal line in the daily time frame.
- Resistance @8.22 from a horizontal 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 RWT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWT is down. |
| ChartMill Relative Strength | 21 | NEGATIVE | RWT has a low relative strength, it was outperformed by 79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RWT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RWT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.16 | NEUTRAL | The RSI value for RWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RWT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.21 | OVERSOLD | The low Stochastics value suggests RWT may be oversold. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for RWT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.56 | NEUTRAL | The ADX value for RWT suggests a possible start of a new 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)
5.45
-0.03 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.55%
1 Week-6.2%
2 Weeks-8.25%
1 Month-12.38%
3 Month-18.41%
6 Month-23.88%
12 Month-14.04%
2 Year-7.94%
3 Year-46.57%
5 Year1.87%
10 Year-66.17%
15 Year-64.12%
Volatility
ATR(14)0.13
ATR(20)%2.79%
ATR Inc-29.33%
Range Today0.09
ADR(20)0.14
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21
Mansfield-2.13
10 Day High6.08
10 Day Low5.37
20 Day High6.27
20 Day Low5.37
52 Week High8.15
52 Week Low4.68
CS1 EndN/A
CR1 Start5.8
Volume & EV
DER(3)-5.88%
DER(5)-5.02%
Volume617.60K
Volume Incr-11.72%
Vol(5)772.14K
Vol(50)1.16M