NASDAQ:MDAI - Nasdaq - US84757T1051 - Common Stock - Currency: USD
Taking everything into account, MDAI scores 8 out of 10 in our technical rating. 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.
Although MDAI has an excellent technical rating, the quality of the presented setup is not ideal 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.
2.39
We found 1 important support area.
We can see 2 important resistance areas.
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 | 95.75 | POSITIVE | MDAI has a high relative strength, it outperformed 95.75% 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) | UP | POSITIVE | The current price of MDAI is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 58.03 | 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, although the MACD value is rising. |
Stochastics (14,3) | 21.71 | NEUTRAL | The Stochastics value for MDAI is a neutral value. |
Average True Range in percent/ATR (20) | 8.15 | HIGH VOLATILITY | The high ATR as a percentage value for MDAI suggests high volalility. |
Average Directional Index/ADX (14) | 39.09 | POSITIVE | The high ADX value value for MDAI suggests a strong trend. |
2.71
+0.23 (+9.27%)