After checking on some various buy/sell/hold signals for Radian Group Inc. (RDN), we have noted that the trendspotter consensus opinion is currently “Sell”. This signal uses a system that combines volatility, momentum, and wave theory to help dtermine the general trend. The trendspotter strength signal is currently Minimum. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest. In terms of direction, the trendspotter signal is currently Strengthening. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.
Checking on some popular technical levels, Radian Group Inc. (RDN) has a 14-day Commodity Channel Index (CCI) of -31.93. The CCI technical indicator can be employed to help figure out if a stock is entering overbought or oversold territory. CCI may also be used to help discover divergences that may signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may provide an oversold signal.
Investors are often focused on stock price support and resistance levels. The support is simply a level where a stock may see a bounce after it has fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance. After a recent check, the stock’s first resistance level is 16.23, and the second resistance level is 16.52. On the other side, investors are watching the first support level of 15.8, and the second support level of 15.66.
Changing lanes, we’ll look at what some of the short term technical indicators are reading for shares of Radian Group Inc. (RDN). The signal from the 20-day moving average is revealing a “Sell”. The 20-50 day MACD Oscillator, which can be used to identify bullish or bearish directional movement is currently showing a “Sell” signal.
Tracking other technical indicators, the 14-day RSI is presently standing at 44.78, the 7-day sits at 40.66, and the 3-day is resting at 27.07 for Radian Group Inc. (RDN). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.
Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 16.12.
Let’s take a further look at the Average Directional Index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The 14-day ADX for Radian Group Inc. (RDN) is currently at 22.12. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.