REDWOOD TRUST INC (RWT) Stock Technical Analysis
NYSE:RWT - US7580754023 - REIT
6.02 USD
+0.02 (+0.33%)
6.02 USD
0 (0%)
Taking everything into account, RWT scores 5 out of 10 in our technical rating. In the last year, RWT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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 67 other stocks in this industry, of which 68% are performing better than RWT.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month RWT has a been trading in the 5.35 - 6.16 range, which is quite wide. It is currently trading near the high of this range.
RWT has an average volume of 1167030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RWT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RWT is lagging the market.
RWT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.01, a Stop Loss order could be placed below this zone.
More info and screens
5.35
6.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.88 to 6.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.54 to 5.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.40 to 5.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.04 to 6.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.69 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 | NEUTRAL | NEUTRAL | The long term trend for RWT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RWT is up. |
| ChartMill Relative Strength | 21.31 | NEGATIVE | RWT has a low relative strength, it was outperformed by 78.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RWT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RWT is above the rising 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) | 54.1 | NEUTRAL | The RSI value for RWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RWT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.09 | NEUTRAL | The Stochastics value for RWT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for RWT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.6 | NEGATIVE | The low ADX value for RWT suggests a weak or negative 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)
6.02
+0.02 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.33%
1 Week2.56%
2 Weeks-0.5%
1 Month10.26%
3 Month10.46%
6 Month-9.88%
12 Month-20.48%
2 Year-24.84%
3 Year-22.32%
5 Year-13.13%
10 Year-58.74%
15 Year-56.41%
Volatility
ATR(14)0.13
ATR(20)%2.38%
ATR Inc-48.96%
Range Today0.07
ADR(20)0.13
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.31
Mansfield-1.54
10 Day High6.16
10 Day Low5.86
20 Day High6.16
20 Day Low5.35
52 Week High8.15
52 Week Low4.68
CS1 End6.01
CR1 Start6.04
Volume & EV
DER(3)1.9%
DER(5)2.79%
Volume765.40K
Volume Incr-38.13%
Vol(5)830.12K
Vol(50)1.17M