RADWARE LTD (RDWR) Stock Technical Analysis
NASDAQ:RDWR - Nasdaq - IL0010834765 - Common Stock - Currency: USD
Taking everything into account, RDWR scores 10 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, RDWR is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RDWR did better than 89% of all other stocks. On top of that, RDWR also shows a nice and consistent pattern of rising prices.
RDWR is one of the better performing stocks in the Software industry, it outperforms 77% of 282 stocks in the same industry.
RDWR 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 RDWR is lagging the market slightly.
In the last month RDWR has a been trading in the 27.63 - 31.57 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, RDWR 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.
More info and screens
20.68
28.95
We found 3 important support areas.
- Support @27.68 from a horizontal line in the daily time frame.
- Support @23.92 from a horizontal line in the daily time frame.
- Support @20.89 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.59 to 28.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 RDWR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDWR is up. |
| ChartMill Relative Strength | 89.15 | POSITIVE | RDWR has a high relative strength, it outperformed 89.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDWR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDWR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDWR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.9 | NEUTRAL | The RSI value for RDWR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests RDWR has a negative trend. |
| Stochastics (14,3) | 25.55 | NEUTRAL | The Stochastics value for RDWR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for RDWR suggests some volalility. |
| Average Directional Index/ADX (14) | 30.06 | POSITIVE | The high ADX value value for RDWR suggests a strong 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)
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 |
|---|---|---|---|
| 28.67 | 27.67 | 1.00 (3.49%) | 25.00% |
| An entry @28.67. This is a Buy Stop order right above the resistance zone. | An exit @27.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.00 points, which is 3.49%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- The distance between exit and entry is rather small compared to the average daily movement of RDWR. 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.
28.51
-0.08 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.28%
1 Week-2.26%
2 Weeks0.78%
1 Month-2.13%
3 Month22.94%
6 Month29.53%
12 Month53.69%
2 Year51.73%
3 Year23.26%
5 Year11.59%
10 Year49.74%
15 Year149.43%
Volatility
ATR(14)0.86
ATR(20)%2.83%
ATR Inc-24.21%
Range Today0.81
ADR(20)0.77
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.15
Mansfield1.22
10 Day High29.84
10 Day Low27.63
20 Day High31.57
20 Day Low27.63
52 Week High31.57
52 Week Low18.39
CS1 End27.68
CR1 Start28.59
Volume & EV
DER(3)-2.21%
DER(5)-1.37%
Volume179.10K
Volume Incr-30.71%
Vol(5)309.52K
Vol(50)306.14K