Technical Analysis for RWT - Redwood Trust, Inc.

Grade Last Price % Change Price Change
C 6.57 -1.65% -0.11
RWT closed up 0.75 percent on Friday, May 17, 2024, on 46 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Up Up

Date Alert Name Type % Chg
200 DMA Support Bullish -1.65%
Overbought Stochastic Strength -1.65%
Up 3 Days in a Row Strength -1.65%
Up 4 Days in a Row Strength -1.65%
200 DMA Support Bullish -0.90%
New Uptrend Bullish -0.90%
NR7 Range Contraction -0.90%
Narrow Range Bar Range Contraction -0.90%
Overbought Stochastic Strength -0.90%
Up 3 Days in a Row Strength -0.90%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 4 hours ago
Outside Day about 4 hours ago
Fell Below Previous Day's Low about 4 hours ago
Fell Below 200 DMA about 5 hours ago
200 DMA Support about 5 hours ago

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Profile

Redwood Trust, Inc. engages in investing, financing, and managing real estate-related assets. The company's investments primarily include residential mortgage loans; commercial mortgage loans and other forms of commercial real estate financing; and securities collateralized by mortgage loans or other real estate-related debt. It qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, the company is not subject to federal income tax, if it distributes at least 90% of its income generated from the investment portfolio as dividends to its stockholders. Redwood Trust, Inc. was founded in 1994 and is headquartered in Mill Valley, California.
Classification

Sector: Real Estate
Industry: REIT - Diversified
Keywords: Real Estate Investment Trust Structured Finance Mortgage Backed Security Mortgage Loan Real Estate Mortgage Investment Conduit Real Estate Investing Private Money Investing Real Estate Financing

Is RWT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 7.7389
52 Week Low 5.0319
Average Volume 1,542,531
200-Day Moving Average 6.59
50-Day Moving Average 6.08
20-Day Moving Average 6.18
10-Day Moving Average 6.47
Average True Range 0.17
RSI (14) 68.05
ADX 26.71
+DI 33.00
-DI 14.68
Chandelier Exit (Long, 3 ATRs) 6.16
Chandelier Exit (Short, 3 ATRs) 6.03
Upper Bollinger Bands 6.91
Lower Bollinger Band 5.44
Percent B (%b) 0.84
BandWidth 23.74
MACD Line 0.18
MACD Signal Line 0.12
MACD Histogram 0.0608
Fundamentals Value
Market Cap 878.42 Million
Num Shares 132 Million
EPS -0.66
Price-to-Earnings (P/E) Ratio -10.12
Price-to-Sales 9.98
Price-to-Book 0.84
PEG Ratio 1.39
Dividend 0.78
Dividend Yield 11.68%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.83
Resistance 3 (R3) 6.81 6.75 6.81
Resistance 2 (R2) 6.75 6.71 6.76 6.80
Resistance 1 (R1) 6.71 6.68 6.73 6.73 6.79
Pivot Point 6.65 6.65 6.66 6.66 6.65
Support 1 (S1) 6.61 6.61 6.63 6.63 6.57
Support 2 (S2) 6.55 6.58 6.56 6.56
Support 3 (S3) 6.51 6.55 6.56
Support 4 (S4) 6.53