RADNET INC (RDNT) Technical Analysis
NASDAQ:RDNT • US7504911022
Current stock price
RDNT Technical Rating and Analysis
Overall RDNT gets a technical rating of 1 out of 10. RDNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 78% of all other stocks performed better in the past year than RDNT.
- RDNT 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 RDNT has a been trading in the 53.53 - 63.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- RDNT is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, RDNT did better than 44% of them.
RDNT Weekly and Daily overview Charts
RDNT Setup Rating and Analysis
RDNT 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 very little resistance above the current price. There is a support zone below the current price at 55.39, a Stop Loss order could be placed below this zone.
More info and screens
RDNT Support and Resistance Analysis
52.83
3 important support areas can be observed.
- Support @56.59 from a trend line in the daily time frame.
- A support zone ranging from 54.57 to 55.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.36 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @58.78 from a trend line in the daily time frame.
- A resistance zone ranging from 60.40 to 61.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.09 from a horizontal line in the daily time frame.
- Resistance @76.68 from a horizontal line in the daily time frame.
RDNT 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 RDNT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RDNT is neutral. |
| ChartMill Relative Strength | 22.59 | NEGATIVE | RDNT has a low relative strength, it was outperformed by 77.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RDNT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RDNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.52 | NEUTRAL | The RSI value for RDNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests RDNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.44 | OVERSOLD | The low Stochastics value suggests RDNT may be oversold. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for RDNT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.08 | NEGATIVE | The low ADX value for RDNT suggests a weak or negative trend. |
RDNT Chart- and CandleStick Pattern Analysis
RDNT Technicals: Chart, Performance Metrics, Trend & Indicators
56.85
+0.3 (+0.53%)
RADNET INC / RDNT TA FAQ
Can you provide the ChartMill technical rating for RADNET INC?
ChartMill assigns a technical rating of 1 / 10 to RDNT.
Can you provide the trend direction for RADNET INC?
The current trend direction for RADNET INC (RDNT) is Bearish.
Can you provide the RSI signal for RADNET INC?
RADNET INC (RDNT) has an RSI value of 44.5162. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RADNET INC?
The MACD indicator for RADNET INC (RDNT) has a value of 0.201808, indicating a bearish trend.
What is the short term momentum for RDNT stock?
The short term momentum for RADNET INC (RDNT) is neutral.