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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Redwoods Acquisition Corp. (NASDAQ:RWOD)
Countertrend Down (-85) - RWOD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RWOD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RWOD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RWOD
The long-term trend has been DOWN since Apr 22nd, 2024 at 7.99
The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 7.99
The short-term trend has been UP since May 7th, 2024 at 7.20
Smart Scan Analysis for RWOD
Based on our trend formula, RWOD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.55 | 7.40 | 6.55 | 7.29 | +0.50 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.01 | 40144 | 2024-05-08 15:59:00 |
| 52wk High | 13.1 | 52wk High Date | 2024-04-19 |
| 52wk Low | 4.98 | 52wk Low Date | 2024-04-25 |
| Average Volume | 394,994 | Shares Outstanding | 1,760 |
| Assets | 118,246,636M | Liabilities | 4,929,496M |
| P/E Ratio | 10.1905 |