RDWR Technical Analysis - RADWARE LTD

Technical Rating and Analysis

Taking everything into account, RDWR scores 4 out of 10 in our technical rating. In the last year, RDWR was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

In the last month RDWR has a been trading in the 24.22 - 26.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

When compared to the yearly performance of all other stocks, RDWR outperforms 52% of them, which is more or less in line with the market.

RDWR is part of the Software industry. There are 280 other stocks in this industry, RDWR did better than 53% of them.

RDWR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RDWR is lagging the market.

Considerably lower volume is observed in the last couple of days.

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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 the technical rating is only medium, RDWR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 25.40, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.24

26.72

We found 3 important support areas.

A support zone ranging from 25.05 to 25.40. 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 24.24 to 24.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @21.45 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 25.69 to 25.75. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
A resistance zone ranging from 26.27 to 26.46. This zone is formed by a combination of multiple trend lines and important moving averages 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 RDWR is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RDWR is neutral.
ChartMill Relative Strength	52.91	NEUTRAL	RDWR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RDWR is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RDWR is below a declining 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)	50.93	NEUTRAL	The RSI value for RDWR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests RDWR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	75.78	NEUTRAL	The Stochastics value for RDWR is a neutral value.
Average True Range in percent/ATR (20)	2.45	MEDIUM VOLATILITY	The ATR as a percentage value for RDWR suggests some volalility.
Average Directional Index/ADX (14)	18.98	NEGATIVE	The low ADX value for RDWR suggests a weak or negative trend.