RADNET INC (RDNT)
US7504911022 - Common Stock
We assign a technical rating of 10 out of 10 to RDNT. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RDNT did better than 96% 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 part of the Health Care Providers & Services industry. There are 117 other stocks in this industry. RDNT outperforms 88% of them.
RDNT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RDNT is leading the market.
In the last month RDNT has a been trading in the 55.90 - 66.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RDNT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 58.68, 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.
More info and screens
31.99
65.81
When analyzing the support we can see 4 important areas.
- A support zone ranging from 57.28 to 58.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.21 from a horizontal line in the daily time frame.
- Support @53.13 from a trend line in the daily time frame.
- Support @32.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 62.01 to 62.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @65.16 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.41
Mansfield3.46
10 Day High66.04
10 Day Low59.75
20 Day High66.04
20 Day Low55.9
52 Week High66.04
52 Week Low25.11
Performance
1 Week-0.03%
2 Weeks0.93%
1 Month5.23%
3 Month28.06%
6 Month66.34%
12 Month90.88%
2 Year201.31%
3 Year68.7%
5 Year320.77%
10 Year1112.92%
15 Year2008.16%
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)0.07
RSI(14)53.81
LBB56.52
UBB66.63
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 62.80 | 59.74 | 3.06 (4.87%) | 20.52% |
| An entry @62.80. This is a Buy Stop order right above the resistance zone. | An exit @59.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.06 points, which is 4.87%. | For a 1.00% total portfolio risk, you can invest 20.52% 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.
RADNET INC
NASDAQ:RDNT (7/26/2024, 7:00:01 PM)
After market: 61.98 0 (0%)61.98
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.02%
1 Week-0.03%
2 Weeks0.93%
1 Month5.23%
3 Month28.06%
6 Month66.34%
12 Month90.88%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.62
ATR(20)%3.7%
ATR Inc
Range Today2.07
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 High66.04
10 Day Low59.75
20 Day High66.04
20 Day Low55.9
52 Week High66.04
52 Week Low25.11
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume573.10K
Volume Incr-4.69%
Vol(5)631.51K
Vol(50)577.57K