RADIAN GROUP INC (RDN) Stock Technical Analysis
NYSE:RDN • US7502361014
Taking everything into account, RDN scores 4 out of 10 in our technical rating. RDN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- RDN is one of the better performing stocks in the Financial Services industry, it outperforms 73% of 98 stocks in the same industry.
- In the last month RDN has a been trading in the 31.50 - 35.15 range, which is quite wide. It is currently trading near the high of this range.
- RDN has an average volume of 1181600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, RDN outperforms 47% of them, which is more or less in line with the market.
- RDN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RDN is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RDN has an average technical rating and it also does not offer a high 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
31.74
3 important support areas can be observed.
- A support zone ranging from 34.22 to 34.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.61 to 33.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.80 to 37.24. 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 | UP | POSITIVE | The short term trend for RDN is up. |
| ChartMill Relative Strength | 47.24 | NEUTRAL | RDN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RDN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.2 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests RDN has a positive trend. |
| Stochastics (14,3) | 92.35 | OVERBOUGHT | The high Stochastics value suggests RDN may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for RDN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.01 | NEUTRAL | The ADX value for RDN suggests a possible start of a new trend. |
35.15
+0.81 (+2.36%)
RADIAN GROUP INC / RDN FAQ
What is the technical rating for RDN stock?
ChartMill assigns a technical rating of 4 / 10 to RDN.
What is the current trend direction of RADIAN GROUP INC (RDN) stock?
The current trend direction for RADIAN GROUP INC (RDN) is Bearish.
Can you provide the RSI signal for RADIAN GROUP INC?
RADIAN GROUP INC (RDN) has an RSI value of 61.2017. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RADIAN GROUP INC?
The MACD indicator for RADIAN GROUP INC (RDN) has a value of 0.257652, indicating a bearish trend.
What are the support and resistance levels for RADIAN GROUP INC (RDN) stock?
RADIAN GROUP INC (RDN) has a support level at 34.4 and a resistance level at 36.8. Check the full technical report for our detailed analysis of RDN support and resistance levels.