RADIAN GROUP INC (RDN)       22.79  -0.12 (-0.52%)

22.79  -0.12 (-0.52%)

US7502361014 - Common Stock - After market: 22.79 0 (0%)

Technical Rating

8

We assign a technical rating of 8 out of 10 to RDN. 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.



The long and short term trends are both positive. This is looking good!
RDN is part of the Thrifts & Mortgage Finance industry. There are 73 other stocks in this industry. RDN outperforms 71% of them.
RDN is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so RDN slightly outperforms the market at the moment.
In the last month RDN has a been trading in the 18.25 - 23.21 range, which is quite wide. It is currently trading near the high of this range.
RDN has an average volume of 1186650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RDN is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

Statistics

1 Month 3 Months 6 Months 12 Months 20.39% 9.78% 1.83% 1.83% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 72.58 17.835 - 24.84
RDN Weekly chart
RDN Daily chart

Support/Resistance Analysis


17.89

24.85
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 22.72 to 22.78. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Support @19.17 from a trend line in the daily time frame.
  • Support @18.41 from a horizontal line in the weekly time frame.
  • Support @18.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • Resistance @23.40 from a trend line in the weekly time frame.
  • A resistance zone ranging from 24.12 to 24.60. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

2

Although RDN has an excellent technical rating, it does not offer a high quality setup 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.


RDN Daily chart

RADIAN GROUP INC22.79

NYSE:RDN (2/3/2023, 7:04:39 PM)-0.12 (-0.52%)

After market: 22.79 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Thrifts & Mortgage Finance

Performance
Today -0.52% 1 Week 4.83%
2 Weeks 7.96% 1 Month 20.39%
3 Month 9.78% 6 Month 1.83%

Volatility
ATR(14) 0.58 ATR(20)% 2.37%
ATR Inc 15.84% Range Today 0.45

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 72.58 Mansfield 0.62
10 Day High 23.22 10 Day Low 20.83
20 Day High 23.22 20 Day Low 18.25
52 Week High 24.84 52 Week Low 17.84
CS1 End 22.78 CR1 Start 23.4

Volume & EV
DER(3) 1.91% DER(5) 0.98%
Volume 1.41M Volume Incr 29.27%
Vol(5) 1.39M Vol(50) 1.19M

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