SPECTRAL AI INC (MDAI) Stock Technical Analysis
NASDAQ:MDAI - US84757T1051 - Common Stock
2.1 USD
+0.05 (+2.44%)
2.1 USD
0 (0%)
We assign a technical rating of 5 out of 10 to MDAI. In the last year, MDAI was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
MDAI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, MDAI did better than 89% of all other stocks.
MDAI is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry. MDAI outperforms 90% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
Considerably lower volume is observed in the last couple of days.
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 2.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MDAI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.20
3.08
4 important support areas can be observed.
- A support zone ranging from 2.07 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.01 from a horizontal line in the daily time frame.
- Support @1.97 from a horizontal line in the daily time frame.
- A support zone ranging from 1.21 to 1.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @2.79 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 | NEUTRAL | NEUTRAL | The long term trend for MDAI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDAI is down. |
| ChartMill Relative Strength | 89.42 | POSITIVE | MDAI has a high relative strength, it outperformed 89.42% 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 | MIXED | The current price of MDAI is below 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) | 41.84 | NEUTRAL | The RSI value for MDAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MDAI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.59 | OVERSOLD | The low Stochastics value suggests MDAI may be oversold. |
| Average True Range in percent/ATR (20) | 7.1 | HIGH VOLATILITY | The high ATR as a percentage value for MDAI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for MDAI suggests a weak or negative 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)
2.1
+0.05 (+2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.44%
1 Week2.94%
2 Weeks-0.71%
1 Month-14.63%
3 Month31.25%
6 Month20.69%
12 Month46.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.1%
ATR Inc-11.98%
Range Today0.16
ADR(20)0.15
ADR(20)%7.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.42
Mansfield0.9
10 Day High2.24
10 Day Low1.98
20 Day High2.55
20 Day Low1.98
52 Week High3.25
52 Week Low0.82
CS1 End2.09
CR1 Start2.79
Volume & EV
DER(3)5.28%
DER(5)0.64%
Volume463.30K
Volume Incr-24.79%
Vol(5)310.98K
Vol(50)541.92K