RadNet Technical Analysis (NASDAQ:RDNT)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The RDNT stock chart pattern can give those who understand technical analysis an indication of which way RDNT stock is headed, but cannot predict with 100% certainty as to what can happen to the RadNet stock price.
See RadNet bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for RadNet stock analysis that does not care for the fair value of a company but uses price and volume data only.
RadNet Moving Average
Moving averages help predict the price direction of RDNT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $14.07 is below the price of $15.45.
RadNet Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RDNT stock. The stock price is trading between the average and the upper band in the context of RadNet bollinger bands.
RadNet Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The RadNet MACD line is above the signal line.
RadNet Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of RDNT stock is 81.36.