MEDICUS PHARMA LTD (MDCX) Stock Technical Analysis
NASDAQ:MDCX - Nasdaq - CA58471K2020 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MDCX. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than MDCX.
MDCX is part of the Biotechnology industry. There are 557 other stocks in this industry, of which 92% are performing better than MDCX.
In the last month MDCX has a been trading in the 2.34 - 8.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MDCX has a poor technical rating and the quality of the setup is also not perfect 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
2.46
2.51
When analyzing the support we notice one important area.
- A support zone ranging from 2.48 to 2.48. 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 | 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 | 0 | NEGATIVE | MDCX has a low relative strength, it was outperformed by 100% 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). |
| Relative Strength Index/RSI (14) | 34.71 | NEUTRAL | The RSI value for MDCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MDCX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.49 | OVERSOLD | The low Stochastics value suggests MDCX may be oversold. |
| Average True Range in percent/ATR (20) | 25.46 | HIGH VOLATILITY | The high ATR as a percentage value for MDCX suggests high volalility. |
| Average Directional Index/ADX (14) | 27.97 | POSITIVE | The high ADX value value for MDCX suggests a strong 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)
2.49
-0.09 (-3.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.49%
1 Week-10.75%
2 Weeks-8.12%
1 Month-67.7%
3 Month-24.96%
6 Month-3.49%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%25.46%
ATR Inc-51.21%
Range Today0.3
ADR(20)0.6
ADR(20)%24.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High3.12
10 Day Low2.44
20 Day High8.39
20 Day Low2.34
52 Week HighN/A
52 Week LowN/A
CS1 End2.48
CR1 StartN/A
Volume & EV
DER(3)-7.48%
DER(5)-5.29%
Volume182.10K
Volume Incr-56.12%
Vol(5)209.40K
Vol(50)253.93K