RADNET INC. - Daily - Technical analysis published on 09/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
22%
61%
17%
My opinion
Bearish under 14.14 USD
My targets
13.62 USD (-2.08%)
13.13 USD (-5.61%)
My analysis
The current short-term bearish acceleration registered on RADNET INC. should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 14.14 USD. Short-term sellers will use the support located at 13.62 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 13.13 USD. Crossing this support would then open the door for sellers to target 12.08 USD. Caution, if there is a return to below 14.14 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RADNET INC. rating 13.91 USD. The price is lower by -2.32% since the last closing and was traded between 13.85 USD and 14.31 USD over the period. The price is currently at +0.43% from its lowest and -2.80% from its highest.13.85
14.31
13.91
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of RADNET INC. indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.08 | 13.13 | 13.62 | 13.91 | 14.14 | 14.70 | 15.23 |
| Change (%) | -13.16% | -5.61% | -2.08% | - | +1.65% | +5.68% | +9.49% |
| Change | -1.83 | -0.78 | -0.29 | - | +0.23 | +0.79 | +1.32 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.78 | 13.97 | 14.10 | 14.29 | 14.42 | 14.61 | 14.74 |
| Camarilla | 14.15 | 14.18 | 14.21 | 14.24 | 14.27 | 14.30 | 14.33 |
| Woodie | 13.76 | 13.96 | 14.08 | 14.28 | 14.40 | 14.60 | 14.72 |
| Fibonacci | 13.97 | 14.09 | 14.16 | 14.29 | 14.41 | 14.48 | 14.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.03 | 13.72 | 14.10 | 14.79 | 15.17 | 15.86 | 16.24 |
| Camarilla | 14.18 | 14.27 | 14.37 | 14.47 | 14.57 | 14.67 | 14.76 |
| Woodie | 12.87 | 13.64 | 13.94 | 14.71 | 15.01 | 15.78 | 16.08 |
| Fibonacci | 13.72 | 14.13 | 14.39 | 14.79 | 15.20 | 15.46 | 15.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.27 | 12.95 | 13.84 | 14.52 | 15.41 | 16.09 | 16.98 |
| Camarilla | 14.30 | 14.44 | 14.59 | 14.73 | 14.87 | 15.02 | 15.16 |
| Woodie | 12.38 | 13.00 | 13.95 | 14.57 | 15.52 | 16.14 | 17.09 |
| Fibonacci | 12.95 | 13.55 | 13.92 | 14.52 | 15.12 | 15.49 | 16.09 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.16 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -11.87 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 14.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.29 | |
| Elder Ray (13): | -0.43 | |
| Super Trend (3,10): | 13.85 | |
| Zig ZAG (10): | 13.91 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 8.66 | |
| TEMA (21): | 14.30 | |
| Williams %R (14): | -96.47 | |
| Chande Momentum Oscillator (20): | -1.13 | |
| Repulse (5,40,3): | -6.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 5.28 |
| MA7: | 14.37 | |
| MA20: | 14.70 | |
| MA50: | 14.41 | |
| MA100: | 13.59 | |
| MAexp7: | 14.32 | |
| MAexp20: | 14.57 | |
| MAexp50: | 14.33 | |
| MAexp100: | 13.93 | |
| Price / MA7: | -3.20% | |
| Price / MA20: | -5.37% | |
| Price / MA50: | -3.47% | |
| Price / MA100: | +2.35% | |
| Price / MAexp7: | -2.86% | |
| Price / MAexp20: | -4.53% | |
| Price / MAexp50: | -2.93% | |
| Price / MAexp100: | -0.14% |
News
The latest news and videos published on RADNET INC. at the time of the analysis were as follows:
- MemorialCare & RadNet Add More Accessible Medical Imaging Centers
- RadNet, Inc. to Host Earnings Call
- Investor Network: RadNet, Inc. to Host Earnings Call
- RadNet, Inc. Acquires Equity Stake in Medic Vision
- Investor Network: RadNet, Inc. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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