RADNET INC (RDNT) Stock Technical Analysis
USA - NASDAQ:RDNT - US7504911022 - Common Stock
75.91 USD
+0.79 (+1.05%)
75.91 USD
0 (0%)
Overall RDNT gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RDNT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
RDNT is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 80% of 101 stocks in the same industry.
In the last month RDNT has a been trading in the 69.79 - 78.01 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 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, RDNT also presents 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. There is very little resistance above the current price. There is a support zone below the current price at 75.90, a Stop Loss order could be placed below this zone.
More info and screens
54.27
76.67
2 important support areas can be observed.
- A support zone ranging from 75.12 to 75.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.82 to 55.63. 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 | 81.39 | POSITIVE | RDNT has a high relative strength, it outperformed 81.39% 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) | 63.34 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests RDNT has a negative trend. |
| Stochastics (14,3) | 67.08 | NEUTRAL | The Stochastics value for RDNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 43.36 | 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)
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 |
|---|---|---|---|
| 78.02 | 75.11 | 2.91 (3.73%) | 25.00% |
| An entry @78.02. This is a Buy Stop order right above the 10 day high. | An exit @75.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.91 points, which is 3.73%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RDNT. Please evaluate whether better entry and exit points can be found.
- 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.
75.91
+0.79 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.05%
1 Week-0.69%
2 Weeks2.57%
1 Month5.74%
3 Month32.9%
6 Month53.54%
12 Month9.49%
2 Year169.28%
3 Year273.02%
5 Year394.53%
10 Year1267.75%
15 Year3062.92%
Volatility
ATR(14)2.21
ATR(20)%2.76%
ATR Inc-29.74%
Range Today1.63
ADR(20)2.07
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.39
Mansfield0.88
10 Day High78.01
10 Day Low73.2
20 Day High78.01
20 Day Low69.79
52 Week High93.65
52 Week Low45
CS1 End75.9
CR1 StartN/A
Volume & EV
DER(3)0.12%
DER(5)-0.61%
Volume337.20K
Volume Incr-40.7%
Vol(5)420.86K
Vol(50)813.18K