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Stock Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Redwoods Acquisition Corp. (NASDAQ:RWOD)

Long-Term Downtrend (-90) - RWOD is in a strong downtrend that is likely to continue. While RWOD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

NASDAQ_RWOD
Open High Low RWOD Price Change
5.9400 5.8300 5.5824 5.5824 -0.5276
Entry Signal

MarketClub’s Trade Triangles for RWOD

long term down The long-term trend has been DOWN since Apr 22nd, 2024 at 7.99

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 7.99

short term down The short-term trend has been DOWN since May 10th, 2024 at 6.26

Smart Scan Analysis for RWOD

Based on our trend formula, RWOD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RWOD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.9400 5.8300 5.5824 5.5824 -0.5276
Prev. Close Volume Bid Ask Time
6.1100 2680 2024-05-21 10:47:30
52wk High13.152wk High Date2024-04-19
52wk Low4.9852wk Low Date2024-04-25
Average Volume69,493Shares Outstanding1,760
Assets118,246,636MLiabilities4,929,496M
P/E Ratio10.1905
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