MDCX Technical Analysis - MEDICUS PHARMA LTD

Technical Rating and Analysis

Taking everything into account, MDCX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MDCX was also a bad performer in the overall market in the last year.

100% of all other stocks performed better in the past year than MDCX.

MDCX is one of the lesser performing stocks in the Biotechnology industry. 92% of 536 stocks in the same industry do better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month MDCX has a been trading in the 1.79 - 3.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MEDICUS PHARMA LTD / MDCX Weekly stock chart

MEDICUS PHARMA LTD / MDCX Daily stock chart

Setup Rating and Analysis

MDCX has an average technical rating and the quality of the presented setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.45

2.84

When analyzing the support we notice one important area.

Support @2.47 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 2.58 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.77 to 2.81. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 MDCX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MDCX is up.
ChartMill Relative Strength	0	NEGATIVE	MDCX has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MDCX is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MDCX is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MDCX is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.85	NEUTRAL	The RSI value for MDCX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests MDCX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	57.81	NEUTRAL	The Stochastics value for MDCX is a neutral value.
Average True Range in percent/ATR (20)	8.68	HIGH VOLATILITY	The high ATR as a percentage value for MDCX suggests high volalility.
Average Directional Index/ADX (14)	23.62	NEUTRAL	The ADX value for MDCX suggests a possible start of a new trend.