RADNET INC (RDNT) Stock Technical Analysis
NASDAQ:RDNT - US7504911022 - Common Stock
71.41 USD
-0.89 (-1.23%)
71.41 USD
0 (0%)
Taking everything into account, RDNT scores 8 out of 10 in our technical rating. Although RDNT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
RDNT is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 79% of 102 stocks in the same industry.
In the last month RDNT has a been trading in the 52.60 - 73.08 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that RDNT is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
RDNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RDNT is lagging the market.
Although RDNT has an excellent technical rating, the quality of the presented setup is not ideal 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
53.30
73.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 70.31 to 71.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.84 to 53.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @72.30 from a horizontal line in the daily time frame.
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 RDNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDNT is up. |
| ChartMill Relative Strength | 76.43 | POSITIVE | RDNT has a high relative strength, it outperformed 76.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RDNT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.6 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RDNT has a negative trend. |
| Stochastics (14,3) | 83.28 | OVERBOUGHT | The high Stochastics value suggests RDNT may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 33.36 | POSITIVE | The high ADX value value for RDNT suggests a strong 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)
71.41
-0.89 (-1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.23%
1 Week-0.53%
2 Weeks4.08%
1 Month35.94%
3 Month21.76%
6 Month41.94%
12 Month14.42%
2 Year153.32%
3 Year250.91%
5 Year365.21%
10 Year1186.67%
15 Year2875.42%
Volatility
ATR(14)1.81
ATR(20)%3.59%
ATR Inc22.97%
Range Today1.82
ADR(20)2.3
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.43
Mansfield0.43
10 Day High73.08
10 Day Low68.19
20 Day High73.08
20 Day Low52.6
52 Week High93.65
52 Week Low45
CS1 End71.4
CR1 Start72.3
Volume & EV
DER(3)1.54%
DER(5)1.51%
Volume467.53K
Volume Incr-49.69%
Vol(5)526.40K
Vol(50)801.42K