MEDICUS PHARMA LTD (MDCX) Stock Technical Analysis
NASDAQ:MDCX - Nasdaq - CA58471K2020 - Common Stock - Currency: USD
Overall MDCX gets a technical rating of 2 out of 10. MDCX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, MDCX is a bad performer in the overall market: 100% of all stocks are doing better.
MDCX is part of the Biotechnology industry. There are 560 other stocks in this industry, of which 91% are performing better than MDCX.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month MDCX has a been trading in the 2.28 - 3.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MDCX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.39. Right above this resistance zone may be a good entry point.
More info and screens
2.29
3.49
We found 3 important support areas.
- Support @2.51 from a horizontal line in the weekly time frame.
- Support @2.38 from a trend line in the daily time frame.
- Support @2.31 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.39 to 3.46. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for MDCX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDCX is neutral. |
| 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 | NEGATIVE | The current price of MDCX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 46.42 | NEUTRAL | The RSI value for MDCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MDCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.19 | NEUTRAL | The Stochastics value for MDCX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.86 | HIGH VOLATILITY | The high ATR as a percentage value for MDCX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.52 | NEGATIVE | The low ADX value for MDCX suggests a weak or negative 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)
3.03
-0.27 (-8.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.18%
1 Week-10.35%
2 Weeks-2.26%
1 Month13.48%
3 Month-15.34%
6 Month8.6%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%11.86%
ATR Inc-24.36%
Range Today0.27
ADR(20)0.34
ADR(20)%11.14%
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 High3.69
10 Day Low2.75
20 Day High3.69
20 Day Low2.28
52 Week HighN/A
52 Week LowN/A
CS1 End2.51
CR1 Start3.39
Volume & EV
DER(3)-9.14%
DER(5)-8.15%
Volume751.00K
Volume Incr284.07%
Vol(5)1.10M
Vol(50)407.23K