REDWOOD TRUST INC (RWT) Stock Technical Analysis
USA - NYSE:RWT - US7580754023 - REIT
5.88 USD
-0.14 (-2.33%)
5.91 USD
+0.03 (+0.51%)
We assign a technical rating of 1 out of 10 to RWT. 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.
86% of all other stocks performed better in the past year than RWT.
RWT is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 66% of 67 stocks in the same industry do better.
In the last month RWT has a been trading in the 5.88 - 6.47 range, which is quite wide. It is currently trading near the lows of this range.
RWT has an average volume of 1090150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 a poor technical rating and the quality of the setup is also not perfect 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
5.35
6.62
We found 3 important support areas.
- A support zone ranging from 5.64 to 5.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.54 from a horizontal line in the daily time frame.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.10 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.27 to 6.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.55 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for RWT is neutral. |
| ChartMill Relative Strength | 14.98 | NEGATIVE | RWT has a low relative strength, it was outperformed by 85.02% 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) | 41.13 | NEUTRAL | The RSI value for RWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RWT has a negative trend. |
| Stochastics (14,3) | 13.99 | OVERSOLD | The low Stochastics value suggests RWT may be oversold. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for RWT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.55 | 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)
5.88
-0.14 (-2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-2.33%
1 Week-4.23%
2 Weeks-6.67%
1 Month-3.76%
3 Month0.86%
6 Month-2.16%
12 Month-24.13%
2 Year-17.53%
3 Year2.44%
5 Year-21.81%
10 Year-57.51%
15 Year-59.34%
Volatility
ATR(14)0.15
ATR(20)%2.3%
ATR Inc-4.14%
Range Today0.14
ADR(20)0.13
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.98
Mansfield-1.69
10 Day High6.3
10 Day Low5.88
20 Day High6.47
20 Day Low5.88
52 Week High7.9
52 Week Low4.68
CS1 End5.7
CR1 Start6.1
Volume & EV
DER(3)-3.23%
DER(5)-1.22%
Volume1.62M
Volume Incr63.06%
Vol(5)1.42M
Vol(50)1.09M