Taking everything into account, MDAI scores 1 out of 10 in our technical rating. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, MDAI is a bad performer in the overall market: 83% of all stocks are doing better.
- 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 1.36 - 1.77 range, which is quite wide. It is currently trading near the high of this range.
- MDAI is an average performer in the Health Care Equipment & Supplies industry, it outperforms 49% of 186 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MDAI is bad and it also does not present a quality setup 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
1.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.54 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.45 from a trend line in the weekly time frame.
- A support zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.30 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.75 to 1.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.15 from a trend line in the daily time frame.
- Resistance @2.51 from a trend line in the daily time frame.
- Resistance @2.71 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 | NEUTRAL | NEUTRAL | The short term trend for MDAI is neutral. |
| ChartMill Relative Strength | 17.69 | NEGATIVE | MDAI has a low relative strength, it was outperformed by 82.31% 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) | DOWN | MIXED | The current price of MDAI is above 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) | 62.26 | NEUTRAL | The RSI value for MDAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MDAI has a positive trend. |
| Stochastics (14,3) | 64.37 | NEUTRAL | The Stochastics value for MDAI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for MDAI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.63 | NEGATIVE | The low ADX value for MDAI suggests a weak or negative trend. |
1.74
+0.11 (+6.75%)
SPECTRAL AI INC / MDAI FAQ
Can you provide the ChartMill technical rating for SPECTRAL AI INC?
ChartMill assigns a technical rating of 1 / 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 62.2589. 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 0.0199173, indicating a bearish trend.
What is the support and resistance level for MDAI stock?
SPECTRAL AI INC (MDAI) has a support level at 1.55 and a resistance level at 1.75. Check the full technical report for our detailed analysis of MDAI support and resistance levels.