RADIAN GROUP INC (RDN) Stock Technical Analysis
USA - NYSE:RDN - US7502361014 - Common Stock
35.15 USD
-0.36 (-1.01%)
35.15 USD
0 (0%)
Taking everything into account, RDN scores 4 out of 10 in our technical rating. In the last year, RDN was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, RDN is a bad performer in the overall market: 62% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
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.
RDN is part of the Financial Services industry. There are 101 other stocks in this industry, RDN did better than 43% of them.
In the last month RDN has a been trading in a tight range between 34.30 and 35.78.
RDN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 35.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.09, a Stop Loss order could be placed below this zone.
More info and screens
29.66
37.38
We found 5 important support areas.
- A support zone ranging from 34.44 to 35.09. 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 33.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.47 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 37.01. 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 | 38.65 | NEUTRAL | RDN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RDN is above a declining 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) | 54.17 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 59.26 | NEUTRAL | The Stochastics value for RDN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for RDN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.9 | 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)
35.15
-0.36 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.01%
1 Week-0.68%
2 Weeks1.41%
1 Month0%
3 Month2.57%
6 Month11.59%
12 Month0.06%
2 Year39.98%
3 Year82.22%
5 Year140.59%
10 Year120.93%
15 Year349.49%
Volatility
ATR(14)0.52
ATR(20)%1.53%
ATR Inc3.49%
Range Today0.38
ADR(20)0.52
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.65
Mansfield-0.58
10 Day High35.78
10 Day Low34.34
20 Day High35.78
20 Day Low34.3
52 Week High36.99
52 Week Low29.32
CS1 End35.09
CR1 Start35.79
Volume & EV
DER(3)1.06%
DER(5)2.25%
Volume519.20K
Volume Incr-10.59%
Vol(5)612.42K
Vol(50)913.41K