Radiant Logistics Stock Technical Analysis

RLGT Stock  USD 5.42  0.11  2.07%   
As of the 29th of March, Radiant Logistics holds the Coefficient Of Variation of (615.93), variance of 3.87, and Risk Adjusted Performance of (0.08). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Radiant Logistics, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Radiant Logistics, which can be compared to its competitors. Please check Radiant Logistics coefficient of variation and maximum drawdown to decide if Radiant Logistics is priced some-what accurately, providing market reflects its current price of 5.42 per share. Given that Radiant Logistics has information ratio of (0.23), we recommend you to check out Radiant Logistics's recent market performance to make sure the company can sustain itself at a future point.

Radiant Logistics Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Radiant, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Radiant
  
Radiant Logistics' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Radiant Logistics Analyst Consensus

Target PriceAdvice# of Analysts
9.33Strong Buy3Odds
Radiant Logistics current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Radiant analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Radiant stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Radiant Logistics, talking to its executives and customers, or listening to Radiant conference calls.
Radiant Analyst Advice Details
Radiant Logistics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Radiant Logistics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Radiant Logistics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Radiant Logistics Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Radiant Logistics volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Radiant Logistics Trend Analysis

Use this graph to draw trend lines for Radiant Logistics. You can use it to identify possible trend reversals for Radiant Logistics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Radiant Logistics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Radiant Logistics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Radiant Logistics applied against its price change over selected period. The best fit line has a slop of   0.02  , which may suggest that Radiant Logistics market price will keep on failing further. It has 122 observation points and a regression sum of squares at 17.56, which is the sum of squared deviations for the predicted Radiant Logistics price change compared to its average price change.

About Radiant Logistics Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Radiant Logistics on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Radiant Logistics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Radiant Logistics price pattern first instead of the macroeconomic environment surrounding Radiant Logistics. By analyzing Radiant Logistics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Radiant Logistics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Radiant Logistics specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2020 2021 2024 (projected)
Dividend Yield0.0041820.0010590.001157
Price To Sales Ratio0.390.250.2

Radiant Logistics March 29, 2024 Technical Indicators

Most technical analysis of Radiant help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Radiant from various momentum indicators to cycle indicators. When you analyze Radiant charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Radiant Logistics March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Radiant stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Radiant Logistics is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Radiant Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Radiant Logistics Stock. Highlighted below are key reports to facilitate an investment decision about Radiant Logistics Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radiant Logistics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Radiant Stock please use our How to Invest in Radiant Logistics guide.
Note that the Radiant Logistics information on this page should be used as a complementary analysis to other Radiant Logistics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Radiant Stock analysis

When running Radiant Logistics' price analysis, check to measure Radiant Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Radiant Logistics is operating at the current time. Most of Radiant Logistics' value examination focuses on studying past and present price action to predict the probability of Radiant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Logistics' price. Additionally, you may evaluate how the addition of Radiant Logistics to your portfolios can decrease your overall portfolio volatility.
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Is Radiant Logistics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Radiant Logistics. If investors know Radiant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Radiant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.80)
Earnings Share
0.22
Revenue Per Share
18.695
Quarterly Revenue Growth
(0.28)
Return On Assets
0.021
The market value of Radiant Logistics is measured differently than its book value, which is the value of Radiant that is recorded on the company's balance sheet. Investors also form their own opinion of Radiant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Radiant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Radiant Logistics' market value can be influenced by many factors that don't directly affect Radiant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Radiant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Radiant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Radiant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.