RADNET INC (RDNT) Stock Technical Analysis
NASDAQ:RDNT - Nasdaq - US7504911022 - Common Stock - Currency: USD
Taking everything into account, RDNT scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RDNT was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, RDNT is a bad performer in the overall market: 65% of all stocks are doing better.
RDNT is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month RDNT has a been trading in the 45.00 - 54.99 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
RDNT is an average performer in the Health Care Providers & Services industry, it outperforms 50% of 102 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RDNT has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
45.45
54.66
We found 3 important support areas.
- A support zone ranging from 50.63 to 51.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @48.59 from a trend line in the weekly time frame.
- A support zone ranging from 45.91 to 46.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.42 to 54.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.37
Mansfield-1.51
10 Day High54.39
10 Day Low46.76
20 Day High54.99
20 Day Low45
52 Week High93.65
52 Week Low45
Performance
1 Week6.21%
2 Weeks7.23%
1 Month7.82%
3 Month-18.47%
6 Month-19.78%
12 Month4.26%
2 Year84.45%
3 Year160.01%
5 Year213.26%
10 Year719.97%
15 Year1703.38%
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)
Technical Indicators
MACD(12,26,9)0.46
RSI(14)57.23
LBB47.24
UBB54.63
53.38
+1.17 (+2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.24%
1 Week6.21%
2 Weeks7.23%
1 Month7.82%
3 Month-18.47%
6 Month-19.78%
12 Month4.26%
2 Year84.45%
3 Year160.01%
5 Year213.26%
10 Year719.97%
15 Year1703.38%
Volatility
ATR(14)2.23
ATR(20)%5.41%
ATR Inc-24.54%
Range Today1.56
ADR(20)2.75
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.37
Mansfield-1.51
10 Day High54.39
10 Day Low46.76
20 Day High54.99
20 Day Low45
52 Week High93.65
52 Week Low45
CS1 End51.36
CR1 Start53.42
Volume & EV
DER(3)-0.6%
DER(5)0.4%
Volume844.70K
Volume Incr-28.7%
Vol(5)602.78K
Vol(50)940.99K