RDZN Technical Analysis - ROADZEN INC

Technical Rating and Analysis

Taking everything into account, RDZN scores 0 out of 10 in our technical rating. RDZN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

88% of all other stocks performed better in the past year than RDZN.

RDZN is part of the Software industry. There are 280 other stocks in this industry, of which 74% 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.

RDZN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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

RDZN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.96, 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

0.79

1.50

When analyzing the support we can see 2 important areas.

A support zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.80 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 1.00 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 1.27 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.40 from a trend line in the daily time frame.
Resistance @1.49 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for RDZN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RDZN is down.
ChartMill Relative Strength	12.51	NEGATIVE	RDZN has a low relative strength, it was outperformed by 87.49% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RDZN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RDZN is below 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)	43.87	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)	47.7	NEUTRAL	The Stochastics value for RDZN is a neutral value.
Average True Range in percent/ATR (20)	5.95	HIGH VOLATILITY	The high ATR as a percentage value for RDZN suggests high volalility.
Average Directional Index/ADX (14)	15.68	NEGATIVE	The low ADX value for RDZN suggests a weak or negative trend.