RADIAN GROUP INC (RDN) Stock Technical Analysis
NYSE:RDN - New York Stock Exchange, Inc. - US7502361014 - Common Stock - Currency: USD
Overall RDN gets a technical rating of 0 out of 10. RDN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, RDN is a bad performer in the overall market: 74% of all stocks are doing better.
RDN is one of the lesser performing stocks in the Financial Services industry. 65% of 101 stocks in the same industry do better.
In the last month RDN has a been trading in the 32.27 - 36.31 range, which is quite wide. It is currently trading near the lows of this range.
RDN has an average volume of 1284220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
RDN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDN is lagging the market slightly.
The technical rating of RDN is bad and it also does not present a quality setup 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
29.66
37.54
We found 4 important support areas.
- A support zone ranging from 32.81 to 32.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.32 from a trend line in the weekly time frame.
- A support zone ranging from 30.48 to 30.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.96 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 33.62 to 34.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @35.79 from a horizontal line in the daily time frame.
- A resistance zone ranging from 37.01 to 37.17. 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 | NEUTRAL | NEUTRAL | The long term trend for RDN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDN is down. |
| ChartMill Relative Strength | 26.79 | NEGATIVE | RDN has a low relative strength, it was outperformed by 73.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RDN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.61 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests RDN has a negative trend. |
| Stochastics (14,3) | 21.47 | NEUTRAL | The Stochastics value for RDN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for RDN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.09 | NEUTRAL | The ADX value for RDN suggests a possible start of a new 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)
32.92
+0.31 (+0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.95%
1 Week-2.63%
2 Weeks-2.6%
1 Month-10.54%
3 Month-2.69%
6 Month-3.23%
12 Month-5.78%
2 Year21.57%
3 Year55.95%
5 Year113.21%
10 Year83.09%
15 Year420.06%
Volatility
ATR(14)0.6
ATR(20)%2.05%
ATR Inc87.59%
Range Today0.81
ADR(20)0.63
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.79
Mansfield-0.85
10 Day High34.37
10 Day Low32.27
20 Day High36.32
20 Day Low32.27
52 Week High36.99
52 Week Low29.32
CS1 End32.82
CR1 Start33.62
Volume & EV
DER(3)-1.61%
DER(5)0.04%
Volume1.49M
Volume Incr47.38%
Vol(5)1.63M
Vol(50)1.28M