Only a small handful of stocks are hitting new all-time highs, and Tradeweb is one of them. It has moved up sharply on some impressive turnover. On Monday, it hit a new high as money flow continues to pour in. The cloud is green and expanding here, and the RSI is very impressive with higher highs and higher lows.
The stock shows an overbought condition, but that should not deter dip buyers. While its rise since March has been steep, even a brief down session would be enough to pull the trigger on a buy. With the MACD on a buy signal, we are bullish on Tradeweb.
Tradeweb Chart Analysis
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Tradeweb Markets builds and operates electronic marketplaces in the United States and internationally. These marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. operates as a subsidiary of Refinitiv US Holdings Inc.