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.
Besides having an excellent technical rating, RDNT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 83.41. Right above this resistance zone may be a good entry point.
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56.99
5 important support areas can be observed.
- A support zone ranging from 77.65 to 78.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 75.89 to 76.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.60 to 70.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.56 from a trend line in the weekly time frame.
- Support @57.57 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 83.41 to 84.48. 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 RDNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDNT is up. |
| ChartMill Relative Strength | 73.61 | POSITIVE | RDNT has a high relative strength, it outperformed 73.61% 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) | UP | POSITIVE | The current price of RDNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.65 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests RDNT has a positive trend. |
| Stochastics (14,3) | 88.09 | OVERBOUGHT | The high Stochastics value suggests RDNT may be overbought. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 26.14 | POSITIVE | The high ADX value value for RDNT suggests a strong 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 |
|---|---|---|---|
| 84.49 | 77.64 | 6.85 (8.11%) | 12.33% |
| An entry @84.49. This is a Buy Stop order right above the resistance zone. | An exit @77.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.85 points, which is 8.11%. | For a 1.00% total portfolio risk, you can invest 12.33% of your capital in this trade. |
- 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.
82.91
-1.57 (-1.86%)
RADNET INC / RDNT FAQ
Can you provide the ChartMill technical rating for RADNET INC?
ChartMill assigns a technical rating of 8 / 10 to RDNT.
What is the current trend direction of RADNET INC (RDNT) stock?
The current trend direction for RADNET INC (RDNT) is Bullish.
What is the RSI signal for RADNET INC (RDNT) stock?
RADNET INC (RDNT) has an RSI value of 59.6455. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RADNET INC?
The MACD indicator for RADNET INC (RDNT) has a value of 0.602101, indicating a bearish trend.
What is the buy/sell signal for RADNET INC (RDNT) stock?
The buy/sell signal for RADNET INC (RDNT) is buy as both the short term and long term trends are positive.