RADIAN GROUP INC (RDN) Technical Analysis
NYSE:RDN • US7502361014
Current stock price
RDN Technical Rating and Analysis
Overall RDN gets a technical rating of 6 out of 10. 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month RDN has a been trading in the 32.19 - 35.00 range, which is quite wide. It is currently trading near the high of this range.
- RDN has an average volume of 1447520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, RDN turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- RDN is part of the Financial Services industry. There are 99 other stocks in this industry, RDN did better than 63% of them.
- 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 Weekly and Daily overview Charts
RDN Setup Rating and Analysis
RDN has an average technical rating and also the quality of the setup is only medium 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
RDN Support and Resistance Analysis
31.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.61 to 34.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.46 to 32.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.67 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @35.22 from a horizontal line in the daily time frame.
- A resistance zone ranging from 37.01 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 | 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 | 48.93 | 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) | 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) | 59.71 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests RDN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.66 | OVERBOUGHT | The high Stochastics value suggests RDN may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for RDN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for RDN suggests a possible start of a new trend. |
RDN Chart- and CandleStick Pattern Analysis
RDN Example Setup
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 |
|---|---|---|---|
| 35.23 | 33.60 | 1.63 (4.63%) | 21.61% |
| An entry @35.23. This is a Buy Stop order right above the resistance zone. | An exit @33.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.63 points, which is 4.63%. | When investing 21.61% 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.
RDN Technicals: Chart, Performance Metrics, Trend & Indicators
34.51
-0.02 (-0.06%)
RADIAN GROUP INC / RDN TA FAQ
What is the technical rating for RDN stock?
ChartMill assigns a technical rating of 6 / 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.
What is the RSI signal for RDN stock?
RADIAN GROUP INC (RDN) has an RSI value of 59.7089. This indicates that the stock is currently neutral.
What is the MACD signal for RDN stock?
The MACD indicator for RADIAN GROUP INC (RDN) has a value of 0.138475, indicating a bearish trend.