RADIAN GROUP INC (RDN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDN - US7502361014 - Common Stock
Taking everything into account, RDN scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, RDN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 35.88, a Stop Loss order could be placed below this zone.
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29.66
We found 4 important support areas.
- A support zone ranging from 33.53 to 35.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.60 to 32.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.86 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 one important area.
- A resistance zone ranging from 36.52 to 37.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 68.58 | 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) | 57.01 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RDN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.25 | NEUTRAL | The Stochastics value for RDN is a neutral value. |
| 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) | 23.2 | NEUTRAL | The ADX value for RDN suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 36.53 | 35.80 | 0.73 (2.01%) | 25.00% |
| An entry @36.53. This is a Buy Stop order right above the 10 day moving average. | An exit @35.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.73 points, which is 2.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- The distance between exit and entry is rather small compared to the average daily movement of RDN. Please evaluate whether better entry and exit points can be found.
- 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.
36.28
-0.16 (-0.44%)
RADIAN GROUP INC / RDN FAQ
What is the technical rating for RDN stock?
ChartMill assigns a technical rating of 8 / 10 to RDN.
What is the trend direction for RDN stock?
The current trend direction for RADIAN GROUP INC (RDN) is Bullish.
What is the RSI signal for RDN stock?
RADIAN GROUP INC (RDN) has an RSI value of 57.0083. 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 positive.
What are the support and resistance levels for RADIAN GROUP INC (RDN) stock?
RADIAN GROUP INC (RDN) has a support level at 35.88 and a resistance level at 36.52. Check the full technical report for our detailed analysis of RDN support and resistance levels.