Radian Group Inc Stock Forecast
Radian Group Inc stock price ended at $30.52 on Monday, after gaining 1.87%.
(Updated on Jun 17, 2024)
The Radian Group Inc stock price gained 1.87% on the last trading day (Monday, 17th Jun 2024), rising from $29.96 to $30.52. During the last trading day the stock fluctuated 2.60% from a day low at $29.77 to a day high of $30.55. The price has fallen in 8 of the last 10 days and is down by -4.27% for this period. Volume fell on the last day by -94 thousand shares and in total, 269 thousand shares were bought and sold for approximately $8.21 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.64% during the next 3 months and, with a 90% probability hold a price between $27.46 and $31.22 at the end of this 3-month period.
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RDN Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Radian Group Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $30.97. On a fall, the stock will find some support from the short-term average at $30.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -4.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Radian Group Inc stock
Radian Group Inc finds support from accumulated volume at $30.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.775 between high and low, or 2.60%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RDN) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Radian Group Inc to open at $30.28, and during the day (based on 14 day Average True Range), to move between $29.84 and $31.20, which gives a possible trading interval of +/-$0.675 (+/-2.21%) up or down from last closing price. If Radian Group Inc takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.31 (0.69%) than the resistance at $31.13 (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Radian Group Inc stock A Buy?
Radian Group Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.119 Sell Candidate Unchanged
Predicted Opening Price for Radian Group Inc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $30.28 ( 0.792%) | $30.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RDN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.05 | 1.75% |
| R2 | 30.76 | 0.777% |
| R1 | 30.57 | 0.178% |
| Price | 30.52 | |
| S1 | 29.98 | -1.76% |
| S2 | 29.80 | -2.36% |
| S3 | 29.50 | -3.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.81 | 7.50% |
| R2 | 31.34 | 2.69% |
| R1 | 31.13 | 2.00% |
| Price | 30.52 | |
| S1 | 30.31 | -0.688% |
| S2 | 30.29 | -0.754% |
| S3 | 29.29 | -4.03% |
RDN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 20, 2024 | $0.245 | 0.80% |
| 2 | Feb 14, 2024 | Feb 23, 2024 | Mar 12, 2024 | $0.245 | 0.775% |
| 3 | Nov 15, 2023 | Nov 24, 2023 | Dec 12, 2023 | $0.225 | 0.86% |
| 4 | Aug 09, 2023 | Aug 18, 2023 | Sep 06, 2023 | $0.225 | 0.85% |
| 5 | May 17, 2023 | May 26, 2023 | Jun 14, 2023 | $0.225 | 0.90% |
FAQ
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