RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RDW
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Red day on Thursday for Redwire Corporation
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 41.16% PDF

The Redwire Corporation stock price fell by -0.454% on the last day (Thursday, 28th Mar 2024) from $4.41 to $4.39. During the last trading day the stock fluctuated 7.89% from a day low at $4.31 to a day high of $4.65. The price has risen in 7 of the last 10 days and is up by 37.19% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -33 thousand shares and in total, 296 thousand shares were bought and sold for approximately $1.30 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $4.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 32.70% during the next 3 months and, with a 90% probability hold a price between $4.32 and $6.02 at the end of this 3-month period.

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RDW Signals & Forecast

The Redwire Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.31 and $3.38. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Redwire Corporation stock

Redwire Corporation finds support from accumulated volume at $4.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.340 between high and low, or 7.89%. For the last week the stock has had daily average volatility of 9.21%.

The Redwire Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $4.21 (-4.02%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (RDW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Redwire Corporation to open at $4.45, and during the day (based on 14 day Average True Range), to move between $4.11 and $4.67, which gives a possible trading interval of +/-$0.278 (+/-6.34%) up or down from last closing price. If Redwire Corporation takes out the full calculated possible swing range there will be an estimated 12.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.41 (0.46%) than the support at $4.24 (3.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Redwire Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Redwire Corporation stock to perform well in the short-term.

Current score: 3.568 Buy Candidate Unchanged

Predicted Opening Price for Redwire Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$4.45 ( 1.37%) $4.39

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RDW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.79 9.11 %
R2 4.66 6.15 %
R1 4.58 4.33 %
Current price: 4.39
Support S1 4.32 -1.59 %
S2 4.24 -3.42 %
S3 4.11 -6.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 4.48 2.05 %
R1 4.41 0.456 %
Current price 4.39
Support S1 4.24 -3.42%
S2 3.83 -12.76%
S3 3.51 -20.05%

FAQ

What is the symbol for Redwire Corporation Stock and on which exchange is it traded?
The symbol for Redwire Corporation is RDW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Redwire Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Redwire Corporation stock to perform well in the short-term.

How to buy Redwire Corporation Stock?
Redwire Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Redwire Corporation Stock.

What's the current price of Redwire Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Redwire Corporation (RDW) share was $4.39.

What is the 52-week high and low for Redwire Corporation Stock?
The 52-week high for Redwire Corporation Stock is $4.79 and the 52-week low is $2.35.

What is the market capitalization of Redwire Corporation Stock?
As of the 2024-03-28, the market capitalization of Redwire Corporation is 287.89M.

When is the next earnings date for Redwire Corporation?
The upcoming earnings date for Redwire Corporation is May 14, 2024.
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About Redwire Corporation

Redwire Redwire Corporation, a space infrastructure company, develops, manufactures, and sells mission critical space solutions and components for national security, civil, and commercial space markets in the United States, Luxembourg, Germany, South Korea, Poland, and internationally. The company provides various antennas; and advanced sensors and components, which include solar arrays, composite booms, radio frequency antennas, payload adapters, space-... RDW Profile

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