ROADZEN INC (RDZN) Technical Analysis
NASDAQ:RDZN • VGG7606H1082
Current stock price
RDZN Technical Rating and Analysis
Overall RDZN gets a technical rating of 1 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 84% of all other stocks performed better in the past year 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 1.00 - 1.25 range, which is quite wide. It is currently trading near the high of this range.
- RDZN is part of the Software industry. There are 271 other stocks in this industry, RDZN did better than 57% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RDZN Weekly and Daily overview Charts
RDZN Setup Rating and Analysis
RDZN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RDZN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
RDZN Support and Resistance Analysis
1.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.34 from a trend line in the weekly time frame.
RDZN 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 | NEUTRAL | NEUTRAL | The short term trend for RDZN is neutral. |
| ChartMill Relative Strength | 16.72 | NEGATIVE | RDZN has a low relative strength, it was outperformed by 83.28% 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 | NEGATIVE | The current price of RDZN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RDZN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.85 | NEUTRAL | The RSI value for RDZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RDZN has a positive trend. |
| Stochastics (14,3) | 77.33 | NEUTRAL | The Stochastics value for RDZN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for RDZN suggests high volalility. |
| Average Directional Index/ADX (14) | 26.06 | POSITIVE | The high ADX value value for RDZN suggests a strong trend. |
RDZN Chart- and CandleStick Pattern Analysis
RDZN Technicals: Chart, Performance Metrics, Trend & Indicators
1.2
+0.02 (+1.69%)
ROADZEN INC / RDZN TA FAQ
Can you provide the ChartMill technical rating for ROADZEN INC?
ChartMill assigns a technical rating of 1 / 10 to RDZN.
What is the trend direction for RDZN stock?
The current trend direction for ROADZEN INC (RDZN) is Bearish.
Can you provide the RSI signal for ROADZEN INC?
ROADZEN INC (RDZN) has an RSI value of 51.8513. This indicates that the stock is currently neutral.
What is the short term momentum for RDZN stock?
The short term momentum for ROADZEN INC (RDZN) is neutral.
Can you provide the support and resistance levels for ROADZEN INC?
ROADZEN INC (RDZN) has a support level at 1.06 and a resistance level at 1.2. Check the full technical report for our detailed analysis of RDZN support and resistance levels.