Radian Group Inc Stock Forecast
Red day on Monday for Radian Group Inc
(Updated on Apr 15, 2024)
The Radian Group Inc stock price fell by -1.49% on the last day (Monday, 15th Apr 2024) from $30.25 to $29.80. During the last trading day the stock fluctuated 3.11% from a day low at $29.60 to a day high of $30.52. The price has fallen in 7 of the last 10 days and is down by -9.23% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -124 thousand shares and in total, 658 thousand shares were bought and sold for approximately $19.60 million.
Given the current short-term trend, the stock is expected to rise 14.16% during the next 3 months and, with a 90% probability hold a price between $34.02 and $39.07 at the end of this 3-month period.
RDN Signals & Forecast
There are few to no technical positive signals at the moment. The Radian Group Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.72 and $31.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -10.97%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Radian Group Inc stock
Radian Group Inc finds support from accumulated volume at $28.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.92 between high and low, or 3.11%. For the last week, the stock has had daily average volatility of 2.91%.
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 16th
For the upcoming trading day on Tuesday, 16th we expect Radian Group Inc to open at $29.97, and during the day (based on 14 day Average True Range), to move between $29.01 and $30.59, which gives a possible trading interval of +/-$0.789 (+/-2.65%) up or down from last closing price. If Radian Group Inc takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.99 (2.72%) than the resistance at $31.44 (5.50%), 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?
The Radian Group Inc stock holds several negative signals and despite the positive trend, we believe Radian Group Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.966 Sell Candidate Unchanged
Predicted Opening Price for Radian Group Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $29.97 ( 0.570%) | $29.80 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 30.89 | 3.66 % | |
| R2 | 30.54 | 2.48 % | ||
| R1 | 30.32 | 1.75 % | ||
| Current price: | 29.80 | |||
| Support | S1 | 29.62 | -0.609 % | |
| S2 | 29.40 | -1.34 % | ||
| S3 | 29.05 | -2.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.81 | 10.10 % | |
| R2 | 31.61 | 6.07 % | ||
| R1 | 31.44 | 5.50 % | ||
| Current price | 29.80 | |||
| Support | S1 | 28.99 | -2.72% | |
| S2 | 27.50 | -7.72% | ||
| S3 | 27.29 | -8.42% |
RDN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Feb 23, 2024 | Mar 12, 2024 | $0.245 | 0.775% |
| 2 | Nov 15, 2023 | Nov 24, 2023 | Dec 12, 2023 | $0.225 | 0.86% |
| 3 | Aug 09, 2023 | Aug 18, 2023 | Sep 06, 2023 | $0.225 | 0.85% |
| 4 | May 17, 2023 | May 26, 2023 | Jun 14, 2023 | $0.225 | 0.90% |
| 5 | Feb 15, 2023 | Feb 24, 2023 | Mar 15, 2023 | $0.225 | 1.08% |
FAQ
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