RADNET INC (RDNT) Stock Technical Analysis
NASDAQ:RDNT • US7504911022
Overall RDNT gets a technical rating of 2 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.
- 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 53% of all stocks.
- RDNT is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, RDNT did better than 61% 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. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 71.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.38, a Stop Loss order could be placed below this zone.
More info and screens
62.15
4 important support areas can be observed.
- A support zone ranging from 68.61 to 69.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.96 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 71.47 to 72.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @78.20 from a horizontal line in the weekly time frame.
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 | 53.68 | NEUTRAL | RDNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RDNT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDNT is below 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) | 48.38 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests RDNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.58 | NEUTRAL | The Stochastics value for RDNT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.09 | NEGATIVE | The low ADX value for RDNT suggests a weak or negative trend. |
69.81
-2.28 (-3.16%)
RADNET INC / RDNT FAQ
Can you provide the ChartMill technical rating for RADNET INC?
ChartMill assigns a technical rating of 2 / 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 48.378. 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.