RADNET INC (RDNT) Stock Technical Analysis
NASDAQ:RDNT - Nasdaq - US7504911022 - Common Stock - Currency: USD
Overall RDNT gets a technical rating of 4 out of 10. RDNT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
RDNT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDNT is lagging the market.
In the last month RDNT has a been trading in the 54.40 - 61.30 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, RDNT turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
RDNT is an average performer in the Health Care Providers & Services industry, it outperforms 59% of 102 stocks in the same industry.
RDNT has only a medium technical rating, but it does show 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. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
46.88
61.76
3 important support areas can be observed.
- Support @50.35 from a trend line in the weekly time frame.
- Support @49.46 from a trend line in the daily time frame.
- Support @47.35 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 57.80 to 58.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.15 to 61.15. 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 | NEUTRAL | NEUTRAL | The long term trend for RDNT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RDNT is neutral. |
| ChartMill Relative Strength | 65.4 | NEUTRAL | RDNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDNT is below a declining 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 | NEGATIVE | The current price of RDNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.23 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests RDNT has a negative trend. |
| Stochastics (14,3) | 38.78 | NEUTRAL | The Stochastics value for RDNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.3 | NEGATIVE | The low ADX value for RDNT 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)
55.41
-1.17 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.07%
1 Week-5.52%
2 Weeks-3.62%
1 Month-8.05%
3 Month19.06%
6 Month-29.27%
12 Month-5.23%
2 Year69.87%
3 Year220.66%
5 Year249.15%
10 Year728.25%
15 Year2237.97%
Volatility
ATR(14)1.91
ATR(20)%3.22%
ATR Inc-22.99%
Range Today1.4
ADR(20)1.72
ADR(20)%3.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.4
Mansfield-1.53
10 Day High60.13
10 Day Low55.38
20 Day High61.3
20 Day Low54.4
52 Week High93.65
52 Week Low45
CS1 End50.35
CR1 Start57.8
Volume & EV
DER(3)-1.16%
DER(5)0.77%
Volume705.60K
Volume Incr-31.28%
Vol(5)511.70K
Vol(50)738.31K