RADNET INC (RDNT)

US7504911022 - Common Stock

38.7  +0.05 (+0.13%)

After market: 38.7 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, RDNT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RDNT has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RDNT did better than 90% of all other stocks. We also observe that the gains produced by RDNT over the past year are nicely spread over this period.
RDNT is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 92% of 117 stocks in the same industry.
A new 52 week high is currently being made by RDNT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month RDNT has a been trading in the 35.16 - 39.55 range, which is quite wide. It is currently trading near the high of this range.
Weekly and Daily overview Charts
RDNT Weekly chart
RDNT Daily chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, RDNT also presents 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 38.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.41, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

28.31

39.35

5 important support areas can be observed.

  • A support zone ranging from 37.49 to 38.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @35.69 from a horizontal line in the daily time frame.
  • Support @34.76 from a horizontal line in the weekly time frame.
  • Support @33.44 from a horizontal line in the daily time frame.
  • Support @28.60 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 38.71 to 38.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.52
Mansfield0.86
10 Day High39.55
10 Day Low36.96
20 Day High39.55
20 Day Low35.16
52 Week High39.55
52 Week Low22.7
Performance
1 Week1.07%
2 Weeks2.65%
1 Month3.86%
3 Month12.04%
6 Month18.82%
12 Month54.37%
2 Year56.87%
3 Year109.87%
5 Year183.72%
10 Year1894.85%
15 Year1589.96%
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)0.04
RSI(14)57.12
LBB35.83
UBB39.94
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
38.9737.481.49 (3.82%)25.00%
An entry @38.97. This is a Buy Stop order right above the resistance zone.An exit @37.48. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.49 points, which is 3.82%.For a 0.96% 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.
RDNT Daily chart

RADNET INC

NASDAQ:RDNT (2/26/2024, 7:00:01 PM)

After market: 38.7 0 (0%)

38.7

+0.05 (+0.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.13%
1 Week1.07%
2 Weeks2.65%
1 Month3.86%
3 Month12.04%
6 Month18.82%
12 Month54.37%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.22
ATR(20)%3.06%
ATR Inc
Range Today0.9
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High39.55
10 Day Low36.96
20 Day High39.55
20 Day Low35.16
52 Week High39.55
52 Week Low22.7
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume468.50K
Volume Incr-3.28%
Vol(5)338.32K
Vol(50)404.30K