ROADZEN INC (RDZN) Stock Technical Analysis
NASDAQ:RDZN - Nasdaq - VGG7606H1082 - Common Stock - Currency: USD
Taking everything into account, RDZN scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RDZN was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, RDZN is a bad performer in the overall market: 87% of all stocks are doing better.
RDZN is part of the Software industry. There are 284 other stocks in this industry, of which 73% are performing better than RDZN.
RDZN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RDZN has a been trading in the 0.89 - 1.22 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RDZN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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
0.79
1.20
3 important support areas can be observed.
- Support @1.01 from a trend line in the daily time frame.
- A support zone ranging from 0.96 to 0.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.80 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.10 to 1.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for RDZN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDZN is up. |
| ChartMill Relative Strength | 13.88 | NEGATIVE | RDZN has a low relative strength, it was outperformed by 86.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDZN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RDZN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RDZN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.59 | NEUTRAL | The RSI value for RDZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RDZN has a positive trend. |
| Stochastics (14,3) | 52.46 | NEUTRAL | The Stochastics value for RDZN is a neutral value. |
| Average True Range in percent/ATR (20) | 11.17 | HIGH VOLATILITY | The high ATR as a percentage value for RDZN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for RDZN suggests a weak or negative 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)
1.09
+0.03 (+2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.83%
1 Week11.3%
2 Weeks18.35%
1 Month10.89%
3 Month12.91%
6 Month-49.07%
12 Month-50.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%11.17%
ATR Inc24%
Range Today0.16
ADR(20)0.12
ADR(20)%11.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.88
Mansfield-2.41
10 Day High1.22
10 Day Low0.89
20 Day High1.22
20 Day Low0.89
52 Week High3.28
52 Week Low0.68
CS1 End1.01
CR1 Start1.1
Volume & EV
DER(3)-16.9%
DER(5)-13.74%
Volume5.09M
Volume Incr347.03%
Vol(5)1.36M
Vol(50)412.31K