REDWOOD TRUST INC (RWT)
US7580754023 - REIT
Overall RWT gets a technical rating of 1 out of 10. RWT 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
72% 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. 70% of 65 stocks in the same industry do better.
In the last month RWT has a been trading in the 6.18 - 7.05 range, which is quite wide. It is currently trading near the high of this range.
RWT has an average volume of 1205230 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.
Although the technical rating is bad, RWT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.93, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.64
8.75
When analyzing the support we can see 7 important areas.
- A support zone ranging from 6.84 to 6.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.69 to 6.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.57 from a horizontal line in the weekly time frame.
- Support @6.39 from a trend line in the daily time frame.
- Support @6.27 from a horizontal line in the daily time frame.
- Support @6.11 from a horizontal line in the daily time frame.
- Support @5.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.95 to 6.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.80 from a trend line in the weekly time frame.
- Resistance @8.06 from a trend line in the weekly time frame.
- Resistance @8.66 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.36
Mansfield-0.85
10 Day High6.95
10 Day Low6.72
20 Day High7.06
20 Day Low6.18
52 Week High8.72
52 Week Low5.47
Performance
1 Week1.76%
2 Weeks5.63%
1 Month1.02%
3 Month-15.57%
6 Month9.98%
12 Month-11.93%
2 Year-45.87%
3 Year-19.77%
5 Year-58.42%
10 Year-62.65%
15 Year-46.82%
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)54.64
LBB6.51
UBB7.03
REDWOOD TRUST INC
NYSE:RWT (11/28/2023, 7:27:11 PM)
After market: 6.94 0 (0%)6.94
+0.09 (+1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg1.31%
1 Week1.76%
2 Weeks5.63%
1 Month1.02%
3 Month-15.57%
6 Month9.98%
12 Month-11.93%
2 Year-45.87%
3 Year-19.77%
5 Year-58.42%
10 Year-62.65%
15 Year-46.82%
Volatility
ATR(14)0.14
ATR(20)%2.83%
ATR Inc-2.41%
Range Today0.2
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.36
Mansfield-0.85
10 Day High6.95
10 Day Low6.72
20 Day High7.06
20 Day Low6.18
52 Week High8.72
52 Week Low5.47
CS1 End6.93
CR1 Start6.95
Volume & EV
DER(3)0.1%
DER(5)0.34%
Volume2.55M
Volume Incr-10.99%
Vol(5)1.16M
Vol(50)1.21M