MEDICUS PHARMA LTD (MDCX) Stock Technical Analysis
NASDAQ:MDCX • CA58471K2020
Taking everything into account, MDCX scores 0 out of 10 in our technical rating. MDCX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MDCX is a bad performer in the overall market: 97% of all stocks are doing better.
- MDCX is part of the Biotechnology industry. There are 522 other stocks in this industry, of which 84% are performing better than MDCX.
- MDCX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MDCX has a been trading in the 0.92 - 1.48 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
The technical rating of MDCX is bad and it also does not present a quality setup 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.
More info and screens
1.05
When analyzing the resistance we notice 2 important areas.
- Resistance @1.38 from a trend line in the daily time frame.
- Resistance @2.02 from a trend 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 | DOWN | NEGATIVE | The long term trend for MDCX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDCX is down. |
| ChartMill Relative Strength | 3.53 | NEGATIVE | MDCX has a low relative strength, it was outperformed by 96.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDCX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MDCX is below 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) | 34.03 | NEUTRAL | The RSI value for MDCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MDCX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.22 | OVERSOLD | The low Stochastics value suggests MDCX may be oversold. |
| Average True Range in percent/ATR (20) | 11.83 | HIGH VOLATILITY | The high ATR as a percentage value for MDCX suggests high volalility. |
| Average Directional Index/ADX (14) | 23.32 | NEUTRAL | The ADX value for MDCX suggests a possible start of a new trend. |
1.06
+0.07 (+6.74%)
MEDICUS PHARMA LTD / MDCX FAQ
Can you provide the ChartMill technical rating for MEDICUS PHARMA LTD?
ChartMill assigns a technical rating of 0 / 10 to MDCX.
What is the trend direction for MDCX stock?
The current trend direction for MEDICUS PHARMA LTD (MDCX) is Bearish.
What is the RSI signal for MDCX stock?
MEDICUS PHARMA LTD (MDCX) has an RSI value of 34.0281. This indicates that the stock is currently neutral.
What is the MACD signal for MDCX stock?
The MACD indicator for MEDICUS PHARMA LTD (MDCX) has a value of -0.000115567, indicating a bearish trend.
Can you provide the short term momentum for MEDICUS PHARMA LTD?
The short term momentum for MEDICUS PHARMA LTD (MDCX) is negative.