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 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RDN is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
RDN is one of the better performing stocks in the Financial Services industry, it outperforms 71% of 99 stocks in the same industry.
In the last month RDN has a been trading in the 32.96 - 35.09 range, which is quite wide. It is currently trading near the high of this range.
RDN has an average volume of 1320370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RDN is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
RDN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 34.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.84, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.66
35.93
4 important support areas can be observed.
- A support zone ranging from 32.30 to 33.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.17 from a trend line in the weekly time frame.
- A support zone ranging from 30.47 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.58 to 34.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 35.32 to 35.57. 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 | UP | POSITIVE | The long term trend for RDN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDN is up. |
| ChartMill Relative Strength | 72.13 | POSITIVE | RDN has a high relative strength, it outperformed 72.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RDN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RDN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.26 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RDN has a positive trend. |
| Stochastics (14,3) | 84.42 | OVERBOUGHT | The high Stochastics value suggests RDN may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for RDN suggests low volalility. |
| Average Directional Index/ADX (14) | 11.1 | NEGATIVE | The low ADX value for RDN 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.59 | 32.95 | 1.64 (4.74%) | 21.09% |
| An entry @34.59. This is a Buy Stop order right above the resistance zone. | An exit @32.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.64 points, which is 4.74%. | When investing 21.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
34.52
+0.25 (+0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.73%
1 Week3.32%
2 Weeks2.65%
1 Month-0.92%
3 Month7.81%
6 Month7.71%
12 Month11.5%
2 Year36.55%
3 Year75.67%
5 Year122.57%
10 Year84.01%
15 Year376.8%
Volatility
ATR(14)0.61
ATR(20)%1.95%
ATR Inc11.38%
Range Today0.86
ADR(20)0.62
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.13
Mansfield-0.22
10 Day High35.09
10 Day Low32.96
20 Day High35.09
20 Day Low32.96
52 Week High37.86
52 Week Low29.32
CS1 End33.84
CR1 Start34.58
Volume & EV
DER(3)1.62%
DER(5)1.6%
Volume1.25M
Volume Incr-1.43%
Vol(5)1.03M
Vol(50)1.32M