RADNET INC (RDNT) Stock Technical Analysis
NASDAQ:RDNT • US7504911022
We assign a technical rating of 3 out of 10 to RDNT. 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.
- In the last month RDNT has a been trading in the 63.61 - 73.16 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, RDNT outperforms 60% of them, which is more or less in line with the market.
- RDNT is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, RDNT did better than 64% of them.
- 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.
RDNT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 72.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 71.83, a Stop Loss order could be placed below this zone.
More info and screens
62.15
We found 5 important support areas.
- A support zone ranging from 71.07 to 71.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 69.24 to 69.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.86 from a trend line in the daily time frame.
- Support @64.52 from a horizontal line in the daily time frame.
- Support @62.78 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 72.10 to 72.34. 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 | 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 | 60.88 | NEUTRAL | RDNT is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of RDNT is above a declining 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) | 53.77 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests RDNT has a positive trend. |
| Stochastics (14,3) | 66.53 | NEUTRAL | The Stochastics value for RDNT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.44 | NEGATIVE | The low ADX value for RDNT suggests a weak or negative trend. |
72.09
+2.08 (+2.97%)
RADNET INC / RDNT FAQ
Can you provide the ChartMill technical rating for RADNET INC?
ChartMill assigns a technical rating of 3 / 10 to RDNT.
Can you provide the trend direction for RADNET INC?
The current trend direction for RADNET INC (RDNT) is Bearish.
What is the RSI signal for RDNT stock?
RADNET INC (RDNT) has an RSI value of 53.7684. This indicates that the stock is currently neutral.
What is the short term momentum for RDNT stock?
The short term momentum for RADNET INC (RDNT) is neutral.