SPECTRAL AI INC (MDAI) Technical Analysis
NASDAQ:MDAI • US84757T1051
Current stock price
MDAI Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to MDAI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MDAI is showing a nice and steady performance.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- MDAI is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. MDAI outperforms 94% of them.
- In the last month MDAI has a been trading in the 1.37 - 2.11 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, MDAI did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- MDAI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDAI is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MDAI Weekly and Daily overview Charts
MDAI Setup Rating and Analysis
Although MDAI has an excellent technical rating, it does not present a decent entry opportunity 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
MDAI Support and Resistance Analysis
1.35
We found 2 important support areas.
- Support @1.78 from a horizontal line in the daily time frame.
- Support @1.36 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @2.64 from a trend line in the weekly time frame.
MDAI Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for MDAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDAI is up. |
| ChartMill Relative Strength | 87.14 | POSITIVE | MDAI has a high relative strength, it outperformed 87.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MDAI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.82 | NEUTRAL | The RSI value for MDAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MDAI has a positive trend. |
| Stochastics (14,3) | 82.28 | OVERBOUGHT | The high Stochastics value suggests MDAI may be overbought. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for MDAI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.65 | POSITIVE | The high ADX value value for MDAI suggests a strong trend. |
MDAI Chart- and CandleStick Pattern Analysis
MDAI Technicals: Chart, Performance Metrics, Trend & Indicators
2.05
+0.11 (+5.67%)
SPECTRAL AI INC / MDAI TA FAQ
Can you provide the ChartMill technical rating for SPECTRAL AI INC?
ChartMill assigns a technical rating of 9 / 10 to MDAI.
What is the trend direction for MDAI stock?
The current trend direction for SPECTRAL AI INC (MDAI) is Bullish.
What is the RSI signal for MDAI stock?
SPECTRAL AI INC (MDAI) has an RSI value of 67.8173. This indicates that the stock is currently neutral.
What is the MACD signal for MDAI stock?
The MACD indicator for SPECTRAL AI INC (MDAI) has a value of 0.00980388, indicating a bearish trend.
Can you provide the support and resistance levels for SPECTRAL AI INC?
SPECTRAL AI INC (MDAI) has a support level at 1.78 and a resistance level at 2.64. Check the full technical report for our detailed analysis of MDAI support and resistance levels.