REDWOOD TRUST INC (RWT) Stock Technical Analysis
NYSE:RWT - New York Stock Exchange, Inc. - US7580754023 - REIT - Currency: USD
We assign a technical rating of 3 out of 10 to RWT. In the past year, RWT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
In the last month RWT has a been trading in the 4.68 - 6.11 range, which is quite wide. It is currently trading near the high of this range.
RWT has an average volume of 1160590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, RWT turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
RWT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 65 other stocks in this industry, RWT did better than 53% of them.
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.
The technical rating of RWT is bad and it also does not present a 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.
More info and screens
6.00
8.30
When analyzing the support we notice one important area.
- A support zone ranging from 6.06 to 6.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.17 to 6.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.64 to 6.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.22 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
CRS42.14
Mansfield-0.76
10 Day High6.11
10 Day Low5.11
20 Day High6.11
20 Day Low4.68
52 Week High8.15
52 Week Low4.68
Performance
1 Week11.52%
2 Weeks19.61%
1 Month1.5%
3 Month-6.87%
6 Month-16.09%
12 Month-3.79%
2 Year-2.87%
3 Year-37.11%
5 Year48.78%
10 Year-64.51%
15 Year-63.43%
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)0.12
RSI(14)59.45
LBB4.8
UBB6.23
6.1
+0.09 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg1.5%
1 Week11.52%
2 Weeks19.61%
1 Month1.5%
3 Month-6.87%
6 Month-16.09%
12 Month-3.79%
2 Year-2.87%
3 Year-37.11%
5 Year48.78%
10 Year-64.51%
15 Year-63.43%
Volatility
ATR(14)0.29
ATR(20)%4.7%
ATR Inc-64.17%
Range Today0.13
ADR(20)0.27
ADR(20)%4.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.14
Mansfield-0.76
10 Day High6.11
10 Day Low5.11
20 Day High6.11
20 Day Low4.68
52 Week High8.15
52 Week Low4.68
CS1 End6.09
CR1 Start6.17
Volume & EV
DER(3)4.08%
DER(5)2.71%
Volume941.80K
Volume Incr-32.5%
Vol(5)1.01M
Vol(50)1.16M