US7580754023 - REIT
6.94 +0.09 (+1.31%)
After market: 6.94 0 (0%)
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.
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.
When analyzing the support we can see 7 important areas.
When analyzing the resistance we notice 4 important areas.
REDWOOD TRUST INC
NYSE:RWT (11/28/2023, 7:27:11 PM)After market: 6.94 0 (0%)