USA - NASDAQ:RDNT - US7504911022 - Common Stock
Taking everything into account, RDNT scores 9 out of 10 in our technical rating. 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.
Although RDNT has an excellent technical rating, it does not present a decent entry opportunity 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.
55.57
3 important support areas can be observed.
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 | 88.36 | POSITIVE | RDNT has a high relative strength, it outperformed 88.36% 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) | 70.03 | OVERBOUGHT | The high RSI value suggests RDNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests RDNT has a positive trend. |
| Stochastics (14,3) | 93.9 | OVERBOUGHT | The high Stochastics value suggests RDNT may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 34.38 | POSITIVE | The high ADX value value for RDNT suggests a strong trend. |
83.41
+0.53 (+0.64%)
ChartMill assigns a technical rating of 9 / 10 to RDNT.
The current trend direction for RADNET INC (RDNT) is Bullish.
RADNET INC (RDNT) has an RSI value of 70.0301. This indicates that the stock is currently overbought.
The MACD indicator for RADNET INC (RDNT) has a value of 0.630896, indicating a bearish trend.
The buy/sell signal for RADNET INC (RDNT) is buy as both the short term and long term trends are positive.