RDW.L Forecast and Technical Stock Analysis
Buy candidate since 2020-01-13 Gain 1.04% PDF
Redrow plc gained 0.52% in the last trading day ( Friday, 17th Jan 2020 ), rising from £7.70 to £7.74 During the day the stock fluctuated 2.10% from a day low at £7.61 to a day high of £7.77. The price has risen in 6 of the last 10 days and is up by 1.98% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.90 million more shares were traded than the day before. In total, 2.46 million shares bought and sold for approximately £19.03 million.
- 30 day high of the RDW.L stock price was £7.77 and low was £7.21.
- 90 day high was £7.77 and low was £5.98.
- 52 week high for Redrow plc - £580.00 and low - £5.28.
Redrow plc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.04% during the next 3 months and, with 90% probability hold a price between £9.60 and £10.64 at the end of this period.
Only positive signals in the chart today. Redrow plc holds buy signals from both short- and long-term moving averages. In addition, 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 £7.68 and £7.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday November 04, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 60 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Redrow plc finds support from accumulated volume at £7.70.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.16 (2.10%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: £7.43 (-4.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 51 days ago.)
1.58 %Average volatility
Very Low Low Medium High Very High
Redrow plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.