SPECTRAL AI INC (MDAI) Stock Technical Analysis
NASDAQ:MDAI • US84757T1051
We assign a technical rating of 0 out of 10 to MDAI. MDAI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 82% of all other stocks performed better in the past year than MDAI.
- MDAI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MDAI has a been trading in the 1.42 - 1.96 range, which is quite wide. It is currently trading near the lows of this range.
- MDAI is an average performer in the Health Care Equipment & Supplies industry, it outperforms 50% of 185 stocks in the same industry.
MDAI has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.36
2 important support areas can be observed.
- Support @1.41 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 1.56 to 1.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.62 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.72 from a trend line in the daily time frame.
- Resistance @2.01 from a trend line in the daily time frame.
- Resistance @2.69 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MDAI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDAI is down. |
| ChartMill Relative Strength | 18.97 | NEGATIVE | MDAI has a low relative strength, it was outperformed by 81.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDAI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MDAI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MDAI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.57 | NEUTRAL | The RSI value for MDAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MDAI has a negative trend. |
| Stochastics (14,3) | 9.21 | OVERSOLD | The low Stochastics value suggests MDAI may be oversold. |
| Average True Range in percent/ATR (20) | 8.17 | HIGH VOLATILITY | The high ATR as a percentage value for MDAI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.96 | NEGATIVE | The low ADX value for MDAI suggests a weak or negative trend. |
1.44
-0.05 (-3.36%)
SPECTRAL AI INC / MDAI FAQ
Can you provide the ChartMill technical rating for SPECTRAL AI INC?
ChartMill assigns a technical rating of 0 / 10 to MDAI.
What is the trend direction for MDAI stock?
The current trend direction for SPECTRAL AI INC (MDAI) is Bearish.
Can you provide the RSI signal for SPECTRAL AI INC?
SPECTRAL AI INC (MDAI) has an RSI value of 37.5736. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SPECTRAL AI INC?
The MACD indicator for SPECTRAL AI INC (MDAI) has a value of -0.0211639, indicating a bearish trend.
What is the support and resistance level for MDAI stock?
SPECTRAL AI INC (MDAI) has a support level at 1.41 and a resistance level at 1.56. Check the full technical report for our detailed analysis of MDAI support and resistance levels.