RADIAN GROUP INC (RDN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDN - US7502361014 - Common Stock
Taking everything into account, RDN scores 6 out of 10 in our technical rating. 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.
RDN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 35.05, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.74 to 35.05. 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 34.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.74 from a trend line in the weekly time frame.
- Support @29.96 from a horizontal 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 | 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 | 48.47 | 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) | 59.36 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RDN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.97 | NEUTRAL | The Stochastics value for RDN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for RDN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.45 | NEGATIVE | The low ADX value for RDN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 36.06 | 34.73 | 1.33 (3.69%) | 25.00% |
| An entry @36.06. This is a Buy Stop order right above the 10 day high. | An exit @34.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.33 points, which is 3.69%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
35.55
+0.01 (+0.03%)
RADIAN GROUP INC / RDN FAQ
What is the technical rating for RDN stock?
ChartMill assigns a technical rating of 6 / 10 to RDN.
What is the trend direction for RDN stock?
The current trend direction for RADIAN GROUP INC (RDN) is Bullish.
What is the RSI signal for RDN stock?
RADIAN GROUP INC (RDN) has an RSI value of 59.3588. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RADIAN GROUP INC?
The short term momentum for RADIAN GROUP INC (RDN) is positive.
What are the support and resistance levels for RADIAN GROUP INC (RDN) stock?
RADIAN GROUP INC (RDN) has a support level at 35.05 and a resistance level at 36.8. Check the full technical report for our detailed analysis of RDN support and resistance levels.