MEDICUS PHARMA LTD (MDCX) Technical Analysis
NASDAQ:MDCX • CA58471K2020
Current stock price
MDCX Technical Rating and Analysis
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.
- 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 one of the lesser performing stocks in the Biotechnology industry. 91% of 516 stocks in the same industry do better.
- 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 0.29 - 0.52 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MDCX has an average volume of 7222300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MDCX Weekly and Daily overview Charts
MDCX Setup Rating and Analysis
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
MDCX Support and Resistance Analysis
0.35
We can see 2 important resistance areas.
- Resistance @0.46 from a trend line in the daily time frame.
- Resistance @0.52 from a trend line in the weekly time frame.
MDCX 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 | 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 | 0.87 | NEGATIVE | MDCX has a low relative strength, it was outperformed by 99.13% 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) | 34.75 | NEUTRAL | The RSI value for MDCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MDCX has a positive trend. |
| Stochastics (14,3) | 12.41 | OVERSOLD | The low Stochastics value suggests MDCX may be oversold. |
| Average True Range in percent/ATR (20) | 14.59 | HIGH VOLATILITY | The high ATR as a percentage value for MDCX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.04 | NEUTRAL | The ADX value for MDCX suggests a possible start of a new trend. |
MDCX Chart- and CandleStick Pattern Analysis
MDCX Technicals: Chart, Performance Metrics, Trend & Indicators
0.3513
+0.05 (+16.98%)
MEDICUS PHARMA LTD / MDCX TA 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 MEDICUS PHARMA LTD (MDCX) stock?
MEDICUS PHARMA LTD (MDCX) has an RSI value of 34.7505. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEDICUS PHARMA LTD?
The MACD indicator for MEDICUS PHARMA LTD (MDCX) has a value of 0.0104625, indicating a bearish trend.
What is the support and resistance level for MDCX stock?
MEDICUS PHARMA LTD (MDCX) has a resistance level at 0.46. Check the full technical report for our detailed analysis of MDCX support and resistance levels.