RADIAN GROUP INC (RDN) Stock Technical Analysis
USA - NYSE:RDN - US7502361014 - Common Stock
Overall RDN gets a technical rating of 1 out of 10. RDN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
RDN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 34.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.75, a Stop Loss order could be placed below this zone.
More info and screens
29.66
We found 3 important support areas.
- A support zone ranging from 32.81 to 33.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.64 from a trend line in the weekly time frame.
- Support @29.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.48 to 34.83. 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.
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 | 52.43 | 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) | UP | POSITIVE | The current price of RDN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.79 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RDN has a positive trend. |
| Stochastics (14,3) | 43.77 | 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) | 14.57 | NEGATIVE | The low ADX value for RDN suggests a weak or negative trend. |
33.75
+0.64 (+1.93%)
RADIAN GROUP INC / RDN FAQ
What is the technical rating for RDN stock?
ChartMill assigns a technical rating of 1 / 10 to RDN.
What is the trend direction for RDN stock?
The current trend direction for RADIAN GROUP INC (RDN) is Bearish.
What is the RSI signal for RDN stock?
RADIAN GROUP INC (RDN) has an RSI value of 45.7854. 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 negative.
What are the support and resistance levels for RADIAN GROUP INC (RDN) stock?
RADIAN GROUP INC (RDN) has a support level at 33.75 and a resistance level at 34.48. Check the full technical report for our detailed analysis of RDN support and resistance levels.