SPECTRAL AI INC (MDAI) Stock Technical Analysis
USA - NASDAQ:MDAI - US84757T1051 - Common Stock
Overall MDAI gets a technical rating of 6 out of 10. MDAI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, MDAI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.21, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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4 important support areas can be observed.
- A support zone ranging from 2.18 to 2.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.10 from a trend line in the daily time frame.
- Support @2.03 from a trend line in the weekly time frame.
- Support @1.25 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.36 to 2.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.59 from a trend line in the daily time frame.
- Resistance @2.74 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 | UP | POSITIVE | The long term trend for MDAI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDAI is down. |
| ChartMill Relative Strength | 84.25 | POSITIVE | MDAI has a high relative strength, it outperformed 84.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MDAI is below 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) | 46.7 | NEUTRAL | The RSI value for MDAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MDAI has a negative trend. |
| Stochastics (14,3) | 6.46 | OVERSOLD | The low Stochastics value suggests MDAI may be oversold. |
| Average True Range in percent/ATR (20) | 9.12 | HIGH VOLATILITY | The high ATR as a percentage value for MDAI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.02 | NEUTRAL | The ADX value for MDAI suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.43 | 2.17 | 0.26 (10.70%) | 9.35% |
| An entry @2.43. This is a Buy Stop order right above the resistance zone. | An exit @2.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.26 points, which is 10.70%. | When investing 9.35% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MDAI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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SPECTRAL AI INC / MDAI FAQ
Can you provide the ChartMill technical rating for SPECTRAL AI INC?
ChartMill assigns a technical rating of 6 / 10 to MDAI.
What is the current trend direction of SPECTRAL AI INC (MDAI) stock?
The current trend direction for SPECTRAL AI INC (MDAI) is Bullish.
Can you provide the RSI signal for SPECTRAL AI INC?
SPECTRAL AI INC (MDAI) has an RSI value of 46.6974. This indicates that the stock is currently neutral.
What is the short term momentum for MDAI stock?
The short term momentum for SPECTRAL AI INC (MDAI) is negative.
What are the support and resistance levels for SPECTRAL AI INC (MDAI) stock?
SPECTRAL AI INC (MDAI) has a support level at 2.21 and a resistance level at 2.36. Check the full technical report for our detailed analysis of MDAI support and resistance levels.