RDNT Technical Analysis - RADNET INC

Technical Rating and Analysis

Overall RDNT gets a technical rating of 9 out of 10. 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.

The long and short term trends are both positive. This is looking good!

RDNT is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 80% of 101 stocks in the same industry.

RDNT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RDNT is lagging the market slightly.

In the last month RDNT has a been trading in the 70.15 - 80.98 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, RDNT did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although RDNT has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

55.44

81.44

When analyzing the support we can see 4 important areas.

A support zone ranging from 73.68 to 73.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 70.60 to 71.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @56.93 from a trend line in the weekly time frame.
Support @56.00 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	87.95	POSITIVE	RDNT has a high relative strength, it outperformed 87.95% 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)	65	NEUTRAL	The RSI value for RDNT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.3	POSITIVE	The MACD value suggests RDNT has a positive trend.
Stochastics (14,3)	92.08	OVERBOUGHT	The high Stochastics value suggests RDNT may be overbought.
Average True Range in percent/ATR (20)	2.87	MEDIUM VOLATILITY	The ATR as a percentage value for RDNT suggests some volalility.
Average Directional Index/ADX (14)	32.7	POSITIVE	The high ADX value value for RDNT suggests a strong trend.