Mediclinic International Plc (MDC.L) Stock Technical Analysis
LON:MDC - London Exchange - GB00B8HX8Z88 - Common Stock - Currency: GBX
Overall MDC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MDC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, MDC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 trade has a worst case loss of 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.
LON:MDC (5/25/2023, 5:29:49 PM)
500.25
0 (0%)