NASDAQ:RDZN • VGG7606H1082
We assign a technical rating of 1 out of 10 to RDZN. RDZN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of RDZN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
0.79
4 important support areas can be observed.
When analyzing the resistance we notice 2 important areas.
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 | DOWN | NEGATIVE | The short term trend for RDZN is down. |
| ChartMill Relative Strength | 51.47 | NEUTRAL | RDZN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of RDZN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.89 | NEUTRAL | The RSI value for RDZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RDZN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.59 | NEUTRAL | The Stochastics value for RDZN is a neutral value. |
| Average True Range in percent/ATR (20) | 11.18 | HIGH VOLATILITY | The high ATR as a percentage value for RDZN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.57 | POSITIVE | The high ADX value value for RDZN suggests a strong trend. |
1.33
+0.04 (+3.1%)
ChartMill assigns a technical rating of 1 / 10 to RDZN.
The current trend direction for ROADZEN INC (RDZN) is Bearish.
ROADZEN INC (RDZN) has an RSI value of 35.8888. This indicates that the stock is currently neutral.
The MACD indicator for ROADZEN INC (RDZN) has a value of -0.0278023, indicating a bearish trend.