REDWOOD TRUST INC (RWT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RWT - US7580754023 - REIT
5.5 USD
-0.03 (-0.54%)
5.5 USD
0 (0%)
Taking everything into account, RWT scores 2 out of 10 in our technical rating. 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.
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 one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 67% of 68 stocks in the same industry do better.
RWT has an average volume of 1348810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
In the last month RWT has a been trading in the 5.39 - 5.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RWT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
4.89
6.28
We found 2 important support areas.
- A support zone ranging from 5.09 to 5.10. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 4.94 to 4.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.50 to 5.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.76 to 5.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.17 to 6.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 21.76 | NEGATIVE | RWT has a low relative strength, it was outperformed by 78.24% 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) | 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) | 47.55 | NEUTRAL | The RSI value for RWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RWT has a negative trend. |
| Stochastics (14,3) | 26.03 | NEUTRAL | The Stochastics value for RWT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for RWT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.24 | 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)
5.5
-0.03 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.54%
1 Week-5.01%
2 Weeks-1.79%
1 Month-0.18%
3 Month-6.94%
6 Month-10.13%
12 Month-17.17%
2 Year-25.78%
3 Year-18.64%
5 Year-37.36%
10 Year-58.33%
15 Year-63.16%
Volatility
ATR(14)0.13
ATR(20)%2.33%
ATR Inc-28.13%
Range Today0.1
ADR(20)0.12
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.76
3 months CRS27.96
6 months CRS22.14
Mansfield-1.6
10 Day High5.92
10 Day Low5.39
20 Day High5.92
20 Day Low5.39
52 Week High6.73
52 Week Low4.68
CS1 End5.1
CR1 Start5.5
Volume & EV
DER(3)-6.96%
DER(5)-6.34%
Volume1.39M
Volume Incr-13.85%
Vol(5)1.40M
Vol(50)1.35M
REDWOOD TRUST INC / RWT FAQ
What is the ChartMill technical rating of REDWOOD TRUST INC (RWT) stock?
ChartMill assigns a technical rating of 2 / 10 to RWT.
What is the trend direction for RWT stock?
The current trend direction for REDWOOD TRUST INC (RWT) is Bearish.
What is the RSI signal for RWT stock?
REDWOOD TRUST INC (RWT) has an RSI value of 47.5458. This indicates that the stock is currently neutral.
What is the MACD signal for REDWOOD TRUST INC (RWT) stock?
The MACD indicator for REDWOOD TRUST INC (RWT) has a value of -0.0208046, indicating a bearish trend.