REDWOOD TRUST INC (RWT)       8.6  -0.1 (-1.15%)

8.6  -0.1 (-1.15%)

US7580754023 - REIT - After market: 8.4661 -0.13 (-1.56%)

Technical Rating

7

Overall RWT gets a technical rating of 7 out of 10. Although RWT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
In the last month RWT has a been trading in the 6.24 - 8.72 range, which is quite wide. It is currently trading near the high of this range.
RWT has an average volume of 1145410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RWT is an average performer in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 49% of 55 stocks in the same industry.
RWT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
62% of all other stocks performed better in the past year than RWT.

Statistics

1 Month 3 Months 6 Months 12 Months 20.62% 23.92% 6.44% -27.18% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 38.97 5.515 - 12.225
RWT Weekly chart
RWT Daily chart

Support/Resistance Analysis


6.56

8.69
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 7.20 to 7.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @6.63 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

3

Although RWT has an excellent technical rating, it does not offer a high 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.


RWT Daily chart

REDWOOD TRUST INC8.6

NYSE:RWT (2/3/2023, 7:06:17 PM)-0.1 (-1.15%)

After market: 8.4661 -0.13 (-1.56%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Mortgage Real Estate Investment Trusts (REITs)"

Performance
Today -1.15% 1 Week 6.17%
2 Weeks 10.68% 1 Month 20.62%
3 Month 23.92% 6 Month 6.44%

Volatility
ATR(14) 0.31 ATR(20)% 3.22%
ATR Inc -48.11% Range Today 0.15

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 38.97 Mansfield 0.1
10 Day High 8.72 10 Day Low 6.24
20 Day High 8.72 20 Day Low 6.24
52 Week High 12.23 52 Week Low 5.52
CS1 End 7.28 CR1 Start N/A

Volume & EV
DER(3) 0.5% DER(5) 1.23%
Volume 1.34M Volume Incr 48.9%
Vol(5) 1.37M Vol(50) 1.15M

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