Technical Analysis for RWOD - Redwoods Acquisition Corp.

Grade Last Price % Change Price Change
C 11.97 19.10% 1.92
RWOD closed up 19.1 percent on Thursday, March 28, 2024, on 21 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
MACD Bearish Signal Line Cross Bearish 19.10%
Slingshot Bearish Bearish Swing Setup 19.10%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 9 hours ago
50 DMA Support about 9 hours ago
Rose Above 20 DMA about 10 hours ago
Rose Above Previous Day's High about 10 hours ago
Rose Above 200 DMA about 10 hours ago

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Profile

Redwoods Acquisition Corp., a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities.
Classification

Sector: Financial Services
Industry: Shell Companies
Keywords: Private Equity Mergers And Acquisitions Special Purpose Acquisition Company Reverse Takeover

Is RWOD 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 12.9
52 Week Low 8.93
Average Volume 15,339
200-Day Moving Average 10.52
50-Day Moving Average 10.71
20-Day Moving Average 10.59
10-Day Moving Average 10.76
Average True Range 0.95
RSI (14) 56.52
ADX 33.57
+DI 49.45
-DI 22.02
Chandelier Exit (Long, 3 ATRs) 10.05
Chandelier Exit (Short, 3 ATRs) 11.78
Upper Bollinger Bands 12.20
Lower Bollinger Band 8.97
Percent B (%b) 0.93
BandWidth 30.53
MACD Line 0.07
MACD Signal Line -0.02
MACD Histogram 0.0882
Fundamentals Value
Market Cap 105.36 Million
Num Shares 8.8 Million
EPS -1.27
Price-to-Earnings (P/E) Ratio -9.43
Price-to-Sales 0.00
Price-to-Book 1.87
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.38
Resistance 3 (R3) 14.19 13.21 13.98
Resistance 2 (R2) 13.21 12.59 13.30 13.84
Resistance 1 (R1) 12.59 12.21 12.90 12.77 13.71
Pivot Point 11.60 11.60 11.76 11.69 11.60
Support 1 (S1) 10.98 10.99 11.29 11.17 10.23
Support 2 (S2) 10.00 10.61 10.09 10.10
Support 3 (S3) 9.38 10.00 9.96
Support 4 (S4) 9.56