RADA ELECTRONIC INDS LTD (RADA) Stock Technical Analysis
NASDAQ:RADA - Nasdaq - IL0010826506 - Common Stock - Currency: USD
Taking everything into account, RADA scores 1 out of 10 in our technical rating. RADA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
RADA is one of the lesser performing stocks in the Aerospace & Defense industry. 71% of 67 stocks in the same industry do better.
RADA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RADA has a been trading in the 9.28 - 11.76 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the performance of all stocks over the past year, RADA turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
RADA has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.19
11.42
We found 2 important support areas.
- A support zone ranging from 9.64 to 9.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.28 to 9.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 10.12 to 10.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.53 from a trend line in the weekly time frame.
- Resistance @10.91 from a trend line in the daily time frame.
- A resistance zone ranging from 11.19 to 11.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RADA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RADA is down. |
| ChartMill Relative Strength | 59.64 | NEUTRAL | RADA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RADA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RADA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RADA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.48 | NEUTRAL | The RSI value for RADA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RADA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.81 | NEUTRAL | The Stochastics value for RADA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for RADA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.3 | NEGATIVE | The low ADX value for RADA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.87
-0.04 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.4%
1 Week3.35%
2 Weeks-1.6%
1 Month-10.03%
3 Month-5.19%
6 Month-19.63%
12 Month-0.2%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%5.09%
ATR Inc-27.01%
Range Today0.34
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.64
Mansfield-0.83
10 Day High10.27
10 Day Low9.28
20 Day High11.76
20 Day Low9.28
52 Week High16.7
52 Week Low7.51
CS1 End9.64
CR1 Start10.12
Volume & EV
DER(3)-4.53%
DER(5)-1.92%
Volume413.10K
Volume Incr13.73%
Vol(5)247.42K
Vol(50)196.70K