RADNET INC (RDNT) Stock Technical Analysis
USA - NASDAQ:RDNT - US7504911022 - Common Stock
Taking everything into account, RDNT scores 9 out of 10 in our technical rating. 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.
Although RDNT has an excellent technical rating, it does not present a decent entry opportunity 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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55.57
3 important support areas can be observed.
- A support zone ranging from 76.93 to 78.22. 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 74.26 to 74.62. 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 56.13 to 56.93. 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 | UP | POSITIVE | The short term trend for RDNT is up. |
| ChartMill Relative Strength | 88.36 | POSITIVE | RDNT has a high relative strength, it outperformed 88.36% 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) | 70.03 | OVERBOUGHT | The high RSI value suggests RDNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests RDNT has a positive trend. |
| Stochastics (14,3) | 93.9 | OVERBOUGHT | The high Stochastics value suggests RDNT may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 34.38 | POSITIVE | The high ADX value value for RDNT suggests a strong trend. |
83.41
+0.53 (+0.64%)
RADNET INC / RDNT FAQ
Can you provide the ChartMill technical rating for RADNET INC?
ChartMill assigns a technical rating of 9 / 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 70.0301. This indicates that the stock is currently overbought.
Can you provide the MACD signal for RADNET INC?
The MACD indicator for RADNET INC (RDNT) has a value of 0.630896, indicating a bearish trend.
What is the buy/sell signal for RADNET INC (RDNT) stock?
The buy/sell signal for RADNET INC (RDNT) is buy as both the short term and long term trends are positive.