Mediclinic International Plc (MDC.L) Technical Analysis
LON:MDC • GB00B8HX8Z88
We assign a technical rating of 9 out of 10 to MDC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MDC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- MDC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MDC is leading the market.
- When comparing the yearly performance of all stocks, we notice that MDC is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by MDC over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
- In the last month MDC has a been trading in a tight range between 491.80 and 501.00.
- Volume is considerably higher in the last couple of days.
MDC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 500.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 500.00, a Stop Loss order could be placed below this zone.
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487.28
When analyzing the support we notice one important area.
- A support zone ranging from 492.20 to 500.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 500.26 to 501.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MDC.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDC.L is up. |
| ChartMill Relative Strength | 91.05 | POSITIVE | MDC.L has a high relative strength, it outperformed 91.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDC.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDC.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDC.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.19 | NEUTRAL | The RSI value for MDC.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests MDC.L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.75 | OVERBOUGHT | The high Stochastics value suggests MDC.L may be overbought. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for MDC.L suggests low volalility. |
| Average Directional Index/ADX (14) | 15.9 | NEGATIVE | The low ADX value for MDC.L suggests a weak or negative 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 |
|---|---|---|---|
| 501.02 | 491.79 | 9.23 (1.84%) | 25.00% |
| An entry @501.02. This is a Buy Stop order right above the resistance zone. | An exit @491.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.23 points, which is 1.84%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
MDC.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:MDC (5/25/2023, 5:29:49 PM)
500.25
0 (0%)
Mediclinic International Plc / MDC.L FAQ
What is the ChartMill technical rating of Mediclinic International Plc (MDC.L) stock?
ChartMill assigns a technical rating of 8 / 10 to MDC.L.
What is the trend direction for MDC stock?
The current trend direction for Mediclinic International Plc (MDC.L) is Bullish.
Can you provide the RSI signal for Mediclinic International Plc?
Mediclinic International Plc (MDC.L) has an RSI value of 59.1934. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Mediclinic International Plc?
The MACD indicator for Mediclinic International Plc (MDC.L) has a value of 0.362412, indicating a bearish trend.
What is the short term momentum for Mediclinic International Plc (MDC.L) stock?
The short term momentum for Mediclinic International Plc (MDC.L) is positive.