RADIAN GROUP INC (RDN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDN - US7502361014 - Common Stock
Overall RDN gets a technical rating of 0 out of 10. RDN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 71% of all other stocks performed better in the past year than RDN.
- RDN is an average performer in the Financial Services industry, it outperforms 46% of 97 stocks in the same industry.
- 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.
- In the last month RDN has a been trading in the 31.51 - 36.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RDN has a poor technical rating and the quality of the setup is also not perfect 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
29.66
We found 4 important support areas.
- A support zone ranging from 32.61 to 33.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.96 from a trend line in the weekly time frame.
- Support @30.96 from a horizontal line in the daily time frame.
- Support @29.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.24 to 35.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.80 to 37.24. 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 | DOWN | NEGATIVE | The long term trend for RDN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDN is down. |
| ChartMill Relative Strength | 29.76 | NEGATIVE | RDN has a low relative strength, it was outperformed by 70.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RDN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.98 | NEUTRAL | The RSI value for RDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests RDN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.81 | NEUTRAL | The Stochastics value for RDN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for RDN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.92 | POSITIVE | The high ADX value value for RDN suggests a strong trend. |
33.25
+0.45 (+1.37%)
RADIAN GROUP INC / RDN FAQ
What is the technical rating for RDN stock?
ChartMill assigns a technical rating of 0 / 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.
Can you provide the RSI signal for RADIAN GROUP INC?
RADIAN GROUP INC (RDN) has an RSI value of 39.981. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RADIAN GROUP INC?
The MACD indicator for RADIAN GROUP INC (RDN) has a value of -0.148353, indicating a bearish trend.
What are the support and resistance levels for RADIAN GROUP INC (RDN) stock?
RADIAN GROUP INC (RDN) has a support level at 33.05 and a resistance level at 34.24. Check the full technical report for our detailed analysis of RDN support and resistance levels.