RADIAN GROUP INC (RDN) Stock Technical Analysis
NYSE:RDN - US7502361014 - Common Stock
35.48 USD
+0.83 (+2.4%)
35.8 USD
+0.32 (+0.9%)
Taking everything into account, RDN scores 7 out of 10 in our technical rating. Although RDN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
RDN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RDN is lagging the market slightly.
In the last month RDN has a been trading in the 32.27 - 35.59 range, which is quite wide. It is currently trading near the high of this range.
RDN has an average volume of 1182010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RDN outperforms 42% of them, which is more or less in line with the market.
RDN is an average performer in the Financial Services industry, it outperforms 47% of 100 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although RDN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
29.66
37.54
5 important support areas can be observed.
- A support zone ranging from 34.06 to 34.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.81 to 33.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.39 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 35.79 to 35.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 36.81 to 37.17. 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 | 42.79 | 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) | UP | POSITIVE | The current price of RDN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.68 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests RDN has a positive trend. |
| Stochastics (14,3) | 83.87 | OVERBOUGHT | The high Stochastics value suggests RDN may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for RDN suggests low volalility. |
| Average Directional Index/ADX (14) | 17.43 | 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)
35.48
+0.83 (+2.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg2.4%
1 Week2.78%
2 Weeks4.32%
1 Month4.94%
3 Month6.61%
6 Month9.4%
12 Month-1.31%
2 Year31.02%
3 Year68.07%
5 Year129.79%
10 Year97.33%
15 Year460.51%
Volatility
ATR(14)0.55
ATR(20)%1.71%
ATR Inc28.27%
Range Today0.84
ADR(20)0.57
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.79
Mansfield-0.4
10 Day High35.59
10 Day Low33.94
20 Day High35.59
20 Day Low32.27
52 Week High36.99
52 Week Low29.32
CS1 End34.79
CR1 Start35.79
Volume & EV
DER(3)1.73%
DER(5)0.42%
Volume695.50K
Volume Incr-47.9%
Vol(5)556.60K
Vol(50)1.18M