REDWOOD TRUST INC (RWT) Stock Technical Analysis
NYSE:RWT - New York Stock Exchange, Inc. - US7580754023 - REIT - Currency: USD
Taking everything into account, RWT scores 0 out of 10 in our technical rating. 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.
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.
74% 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. 73% of 64 stocks in the same industry do better.
In the last month RWT has a been trading in the 6.01 - 6.66 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
RWT has an average volume of 1027830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RWT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RWT is lagging the market.
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 6.53. Right above this resistance zone may be a good entry point.
More info and screens
5.59
8.30
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.13 to 6.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.65 to 5.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.53 to 6.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.37 from a horizontal line in the daily time frame.
- 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
CRS26.42
Mansfield-1.17
10 Day High6.6
10 Day Low6.28
20 Day High6.66
20 Day Low6.01
52 Week High8.15
52 Week Low5.46
Performance
1 Week0%
2 Weeks1.4%
1 Month-1.96%
3 Month-11.43%
6 Month-7.79%
12 Month-1.36%
2 Year-14.45%
3 Year-37.34%
5 Year-61.89%
10 Year-65.95%
15 Year-54.32%
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)0.04
RSI(14)49.55
LBB6.29
UBB6.6
REDWOOD TRUST INC
NYSE:RWT (2/5/2025, 10:35:18 AM)
6.51
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0%
1 Week0%
2 Weeks1.4%
1 Month-1.96%
3 Month-11.43%
6 Month-7.79%
12 Month-1.36%
2 Year-14.45%
3 Year-37.34%
5 Year-61.89%
10 Year-65.95%
15 Year-54.32%
Volatility
ATR(14)0.14
ATR(20)%2.35%
ATR Inc15.62%
Range Today0.06
ADR(20)0.14
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.42
Mansfield-1.17
10 Day High6.6
10 Day Low6.28
20 Day High6.66
20 Day Low6.01
52 Week High8.15
52 Week Low5.46
CS1 End6.2
CR1 Start6.53
Volume & EV
DER(3)0.7%
DER(5)0.53%
Volume59.35K
Volume Incr-21.99%
Vol(5)714.96K
Vol(50)1.03M