REDWOOD TRUST INC (RWT)
US7580754023 - REIT
We assign a technical rating of 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
80% 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. 79% of 64 stocks in the same industry do better.
RWT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RWT is lagging the market.
RWT has an average volume of 1674890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RWT has a been trading in the 5.46 - 6.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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 6.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.70, a Stop Loss order could be placed below this zone.
More info and screens
5.58
7.93
We found 1 important support area.
- A support zone ranging from 5.64 to 5.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 6.04 to 6.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.37 to 6.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.86 from a trend line in the weekly time frame.
- Resistance @7.26 from a trend line in the daily time frame.
- Resistance @7.85 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.67
Mansfield-2.28
10 Day High5.95
10 Day Low5.46
20 Day High6.56
20 Day Low5.46
52 Week High8.3
52 Week Low5.46
Performance
1 Week4.54%
2 Weeks-3.19%
1 Month-6.04%
3 Month-17.24%
6 Month-14.67%
12 Month-8.28%
2 Year-40.62%
3 Year-48.15%
5 Year-64.79%
10 Year-73.58%
15 Year-64.6%
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
RSI(14)42.94
LBB5.3
UBB6.34
REDWOOD TRUST INC
NYSE:RWT (4/24/2024, 5:40:00 PM)
After market: 5.76 0 (0%)5.76
-0.1 (-1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-1.71%
1 Week4.54%
2 Weeks-3.19%
1 Month-6.04%
3 Month-17.24%
6 Month-14.67%
12 Month-8.28%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.17
ATR(20)%2.98%
ATR Inc
Range Today0.1
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High5.95
10 Day Low5.46
20 Day High6.56
20 Day Low5.46
52 Week High8.3
52 Week Low5.46
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume587.55K
Volume Incr-50.53%
Vol(5)758.64K
Vol(50)1.67M