RADNET INC (RDNT) Stock Technical Analysis
NASDAQ:RDNT - Nasdaq - US7504911022 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to RDNT. Recently some decent action could be observed, but in the medium term time frame this is still negative. RDNT was also a bad performer in the overall market in the last year.
61% of all other stocks performed better in the past year than RDNT.
RDNT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDNT is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RDNT is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, RDNT did better than 48% of them.
In the last month RDNT has a been trading in the 49.83 - 61.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
RDNT has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
48.20
61.76
We found 3 important support areas.
- A support zone ranging from 55.51 to 56.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.47 from a trend line in the weekly time frame.
- A support zone ranging from 48.69 to 48.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @60.15 from a trend line in the daily time frame.
- A resistance zone ranging from 61.15 to 61.15. 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 | NEUTRAL | NEUTRAL | The long term trend for RDNT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDNT is up. |
| ChartMill Relative Strength | 39.98 | NEUTRAL | RDNT is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of RDNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.89 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests RDNT has a negative trend. |
| Stochastics (14,3) | 53.68 | NEUTRAL | The Stochastics value for RDNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.89 | NEUTRAL | The ADX value for RDNT suggests a possible start of a new trend. |
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)
56.61
-0.16 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.28%
1 Week-7.41%
2 Weeks1.56%
1 Month12.63%
3 Month-4.81%
6 Month-31%
12 Month-3.3%
2 Year95.61%
3 Year175.74%
5 Year232.22%
10 Year769.59%
15 Year1812.5%
Volatility
ATR(14)2.15
ATR(20)%3.61%
ATR Inc-42.96%
Range Today1.23
ADR(20)1.97
ADR(20)%3.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.98
Mansfield-1.15
10 Day High61.45
10 Day Low55.63
20 Day High61.45
20 Day Low49.83
52 Week High93.65
52 Week Low45
CS1 End56.6
CR1 Start60.15
Volume & EV
DER(3)2.1%
DER(5)1.4%
Volume454.10K
Volume Incr-36.1%
Vol(5)509.96K
Vol(50)857.49K