ROADZEN INC (RDZN) Stock Technical Analysis
USA - NASDAQ:RDZN - VGG7606H1082 - Common Stock
Taking everything into account, RDZN scores 9 out of 10 in our technical rating. RDZN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, RDZN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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When analyzing the support we can see 4 important areas.
- Support @1.24 from a horizontal line in the daily time frame.
- Support @0.90 from a trend line in the weekly time frame.
- Support @0.86 from a trend line in the daily time frame.
- Support @0.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.45 from a trend line in the daily time frame.
- Resistance @1.49 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.54 to 1.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for RDZN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDZN is up. |
| ChartMill Relative Strength | 83.19 | POSITIVE | RDZN has a high relative strength, it outperformed 83.19% 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) | UP | POSITIVE | The current price of RDZN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RDZN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.39 | NEUTRAL | The RSI value for RDZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RDZN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.28 | NEUTRAL | The Stochastics value for RDZN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.97 | HIGH VOLATILITY | The high ATR as a percentage value for RDZN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.59 | POSITIVE | The high ADX value value for RDZN suggests a strong trend. |
1.39
+0.01 (+0.72%)
ROADZEN INC / RDZN FAQ
Can you provide the ChartMill technical rating for ROADZEN INC?
ChartMill assigns a technical rating of 9 / 10 to RDZN.
What is the current trend direction of ROADZEN INC (RDZN) stock?
The current trend direction for ROADZEN INC (RDZN) is Bearish.
What is the RSI signal for ROADZEN INC (RDZN) stock?
ROADZEN INC (RDZN) has an RSI value of 60.3865. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ROADZEN INC?
ROADZEN INC (RDZN) has a support level at 1.24 and a resistance level at 1.45. Check the full technical report for our detailed analysis of RDZN support and resistance levels.