Radian Group (RDN) Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for RDN
  • Buy RDN slightly over 22.52 target n/a stop loss @ 22.45. Details
  • The technical summary data tells us to buy RDN near 22.52, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 22.45 to protect against excessive loss in case the stock begins to move against the trade. 22.52 is the first level of support below 22.74, and by rule, any test of support is a buy signal. In this case, if support 22.52 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for RDN
  • Buy RDN slightly over 22.95, target n/a, Stop Loss @ 22.88 Details
  • If 22.95 begins to break higher, the technical summary data tells us to buy RDN just slightly over 22.95, with an upside target of n/a. The data also tells us to set a stop loss @ 22.88 in case the stock turns against the trade. 22.95 is the first level of resistance above 22.74, and by rule, any break above resistance is a buy signal. In this case, 22.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RDN near 22.95, target 22.52, Stop Loss @ 23.02. Details
  • The technical summary data is suggesting a short of RDN if it tests 22.95 with a downside target of 22.52. We should have a stop loss in place at 23.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 22.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RDN
  • Buy RDN slightly over 22.95, target n/a, Stop Loss @ 22.9 Details
  • If 22.95 begins to break higher, the technical summary data tells us to buy RDN just slightly over 22.95, with an upside target of n/a. The data also tells us to set a stop loss @ 22.9 in case the stock turns against the trade. 22.95 is the first level of resistance above 22.74, and by rule, any break above resistance is a buy signal. In this case, 22.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RDN near 22.95, target 22.52, Stop Loss @ 23. Details
  • The technical summary data is suggesting a short of RDN if it tests 22.95 with a downside target of 22.52. We should have a stop loss in place at 23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 22.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

RDN Ratings for August 10:

Term →Near Mid Long
Rating Neutral Strong Neutral
P1 0 0 19.21
P2 22.19 22.37 20.86
P3 22.51 22.95 22.52

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RDN Long Term Analysis for August 10 2022


RDN Swing Trading Analysis for August 10 2022


RDN Day Trading Analysis for August 10 2022

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Radian Group (NYSE: RDN) while incorporating prudent risk controls. 

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RDN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RDN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RDN too.  All of these are offered below the Summary Table.