We assign a technical rating of 1 out of 10 to RDNT. RDNT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
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 support zone below the current price at 73.14, a Stop Loss order could be placed below this zone.
More info and screens
58.70
We found 3 important support areas.
- A support zone ranging from 72.66 to 73.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.60 to 71.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 59.29 to 59.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 74.95 to 77.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 83.41 to 83.41. 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 | DOWN | NEGATIVE | The short term trend for RDNT is down. |
| ChartMill Relative Strength | 37.24 | NEUTRAL | RDNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDNT is below 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) | 43.34 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests RDNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.75 | NEUTRAL | The Stochastics value for RDNT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.36 | NEUTRAL | The ADX value for RDNT suggests a possible start of a new trend. |
73.15
+0.21 (+0.29%)
RADNET INC / RDNT FAQ
Can you provide the ChartMill technical rating for RADNET INC?
ChartMill assigns a technical rating of 1 / 10 to RDNT.
What is the current trend direction of RADNET INC (RDNT) stock?
The current trend direction for RADNET INC (RDNT) is Bullish.
What is the RSI signal for RADNET INC (RDNT) stock?
RADNET INC (RDNT) has an RSI value of 43.3352. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RADNET INC?
The MACD indicator for RADNET INC (RDNT) has a value of -0.252214, indicating a bearish trend.
What is the buy/sell signal for RADNET INC (RDNT) stock?
The buy/sell signal for RADNET INC (RDNT) is hold as the short term and long term trends are mixed.