RADIAN GROUP INC (RDN) Technical Analysis
NYSE:RDN • US7502361014
Current stock price
RDN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RDN. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 69% of all other stocks performed better in the past year than RDN.
- In the last month RDN has a been trading in the 32.10 - 35.57 range, which is quite wide. It is currently trading near the lows of this range.
- RDN has an average volume of 1547960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RDN is an average performer in the Financial Services industry, it outperforms 60% of 98 stocks in the same industry.
- 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.
- Volume is considerably higher in the last couple of days.
RDN Weekly and Daily overview Charts
RDN Setup Rating and Analysis
Although the technical rating is bad, RDN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 32.46, a Stop Loss order could be placed below this zone.
More info and screens
RDN Support and Resistance Analysis
31.35
When analyzing the support we can see 2 important areas.
- Support @32.46 from a horizontal line in the weekly time frame.
- Support @31.67 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 32.61 to 32.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 33.48 to 35.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
RDN Technical Indicator Signal Analysis
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 RDN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDN is down. |
| ChartMill Relative Strength | 31.93 | NEUTRAL | RDN is not amongst the best or worst performers 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) | 40.36 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests RDN has a negative trend. |
| Stochastics (14,3) | 18.93 | OVERSOLD | The low Stochastics value suggests RDN may be oversold. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for RDN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.82 | NEUTRAL | The ADX value for RDN suggests a possible start of a new trend. |
RDN Chart- and CandleStick Pattern Analysis
RDN Technicals: Chart, Performance Metrics, Trend & Indicators
32.47
-0.4 (-1.22%)
RADIAN GROUP INC / RDN TA FAQ
What is the technical rating for RDN stock?
ChartMill assigns a technical rating of 0 / 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 40.3599. 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 -0.130361, 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 32.46 and a resistance level at 32.61. Check the full technical report for our detailed analysis of RDN support and resistance levels.