REDWOOD TRUST INC (RWT) Stock Technical Analysis
NYSE:RWT - New York Stock Exchange, Inc. - US7580754023 - REIT - Currency: USD
Overall RWT gets a technical rating of 1 out of 10. RWT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
RWT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 64 other stocks in this industry, of which 66% are performing better than RWT.
In the last month RWT has a been trading in the 5.83 - 6.73 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.
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 45% of all stocks.
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.
Although the technical rating is bad, RWT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 6.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RWT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.59
8.30
We found 3 important support areas.
- A support zone ranging from 6.45 to 6.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.13 to 6.32. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.62 to 6.73. 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
CRS45.23
Mansfield-0.65
10 Day High6.7
10 Day Low6.37
20 Day High6.73
20 Day Low5.83
52 Week High8.15
52 Week Low5.46
Performance
1 Week-2.1%
2 Weeks1.55%
1 Month-2.68%
3 Month-9.17%
6 Month-11.5%
12 Month5.65%
2 Year-2.97%
3 Year-37.89%
5 Year29.25%
10 Year-63.4%
15 Year-57.59%
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)51.42
LBB6.3
UBB6.69
6.54
+0.06 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.93%
1 Week-2.1%
2 Weeks1.55%
1 Month-2.68%
3 Month-9.17%
6 Month-11.5%
12 Month5.65%
2 Year-2.97%
3 Year-37.89%
5 Year29.25%
10 Year-63.4%
15 Year-57.59%
Volatility
ATR(14)0.14
ATR(20)%2.43%
ATR Inc-45.17%
Range Today0.11
ADR(20)0.15
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.23
Mansfield-0.65
10 Day High6.7
10 Day Low6.37
20 Day High6.73
20 Day Low5.83
52 Week High8.15
52 Week Low5.46
CS1 End6.53
CR1 Start6.62
Volume & EV
DER(3)5.73%
DER(5)2.18%
Volume477.00K
Volume Incr-22.12%
Vol(5)630.42K
Vol(50)822.03K