Weaker Buy Today RWT ranks #921 as BUY CANDIDATE #921 Stronger Buy

RWT stock forecast Redwood Trust Inc

RWT stock forecast

VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

RWT Forecast and Technical Stock Analysis

Buy candidate since 2019-07-15 Gain 0.60%

Redwood Trust Inc fell by -0.24% in the last day ( Thursday, 18th Jul 2019 ) from $16.67 to $16.63 During day the stock fluctuated 0.66% from a day low at $16.55 to a day high of $16.66. The price has risen in 6 of the last 10 days and is up by 1.16% over the past 2 weeks. Volume has increased in the last day by 20 787 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 410 533 shares bought and sold for approximately $6.83 million.

Quick summary:

  • 30 day high of the RWT stock price was $16.69 and low was $15.95.
  • 90 day high was $16.69 and low was $15.79.
  • 52 week high for the Redwood Trust Inc - $17.50 and low - $14.29.
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Trend

Redwood Trust Inc is at the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $16.67 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Redwood Trust Inc with 90% probability to be traded between $16.02 and $16.75 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Redwood Trust Inc 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 $16.53 and $16.24. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 75 ]

RSI14 is 64 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 behavior.

Support & Resistance

Redwood Trust Inc finds support from accumulated volume at $16.53.

Support: $16.53 Price: $16.63 Resistance: $16.67

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.11 (0.66%) between high and low. For the last week, the stock has had a daily average volatility of 0.92%.

Our recommended stoploss: $16.14 (-2.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

0.92 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.

Weaker Buy Today RWT ranks #921 as BUY CANDIDATE #921 Stronger Buy

Will RWT stock price go up or down on Mon, 22 Jul 2019?

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