REDWOOD TRUST INC (RWT) Stock Technical Analysis
NYSE:RWT - New York Stock Exchange, Inc. - US7580754023 - REIT - Currency: USD
Taking everything into account, RWT scores 2 out of 10 in our technical rating. In the past year, RWT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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 part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 65 other stocks in this industry, of which 67% are performing better than RWT.
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.
In the last month RWT has a been trading in the 5.35 - 5.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RWT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
5.50
8.30
When analyzing the support we notice one important area.
- A support zone ranging from 5.56 to 5.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 5.67 to 5.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.98 to 6.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.23 from a horizontal line in the daily time frame.
- Resistance @6.41 from a horizontal line in the daily time frame.
- Resistance @6.55 from a horizontal line in the daily time frame.
- Resistance @8.22 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for RWT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RWT is neutral. |
| ChartMill Relative Strength | 21.34 | NEGATIVE | RWT has a low relative strength, it was outperformed by 78.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RWT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RWT is below 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) | 47.37 | NEUTRAL | The RSI value for RWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RWT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.86 | NEUTRAL | The Stochastics value for RWT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for RWT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.59 | NEGATIVE | The low ADX value for RWT suggests a weak or negative 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)
5.62
+0.01 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.18%
1 Week-3.44%
2 Weeks0.72%
1 Month1.81%
3 Month-10.79%
6 Month-16.99%
12 Month-11.22%
2 Year-11.77%
3 Year-27.11%
5 Year-19.71%
10 Year-64.2%
15 Year-61.61%
Volatility
ATR(14)0.13
ATR(20)%2.27%
ATR Inc-3.29%
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
CRS21.34
Mansfield-1.88
10 Day High5.91
10 Day Low5.51
20 Day High5.91
20 Day Low5.35
52 Week High8.15
52 Week Low4.68
CS1 End5.59
CR1 Start5.67
Volume & EV
DER(3)2.94%
DER(5)0.93%
Volume2.45M
Volume Incr103.06%
Vol(5)1.29M
Vol(50)991.83K