SPECTRAL AI INC (MDAI) Stock Technical Analysis
NASDAQ:MDAI - Nasdaq - US84757T1051 - Common Stock - Currency: USD
Taking everything into account, MDAI scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month MDAI has a been trading in the 2.30 - 3.21 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MDAI is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 94% of 187 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that MDAI is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MDAI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MDAI is lagging the market slightly.
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
1.19
3.08
When analyzing the support we notice one important area.
- A support zone ranging from 1.20 to 1.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.61 to 2.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.82 from a trend line in the weekly time frame.
- Resistance @3.05 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for MDAI is neutral. |
| ChartMill Relative Strength | 94.84 | POSITIVE | MDAI has a high relative strength, it outperformed 94.84% 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) | UP | POSITIVE | The current price of MDAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.93 | NEUTRAL | The RSI value for MDAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MDAI has a negative trend. |
| Stochastics (14,3) | 15.69 | OVERSOLD | The low Stochastics value suggests MDAI may be oversold. |
| Average True Range in percent/ATR (20) | 8.85 | HIGH VOLATILITY | The high ATR as a percentage value for MDAI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.33 | POSITIVE | The high ADX value value for MDAI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.36
-0.12 (-4.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-4.84%
1 Week-9.23%
2 Weeks-5.98%
1 Month-11.94%
3 Month85.83%
6 Month22.28%
12 Month49.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%8.85%
ATR Inc-25.99%
Range Today0.18
ADR(20)0.2
ADR(20)%8.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.84
Mansfield2.97
10 Day High2.84
10 Day Low2.3
20 Day High3.21
20 Day Low2.3
52 Week High3.25
52 Week Low0.82
CS1 End1.2
CR1 Start2.61
Volume & EV
DER(3)-5.42%
DER(5)-2.18%
Volume403.00K
Volume Incr-40.62%
Vol(5)467.76K
Vol(50)573.05K