MEDICUS PHARMA LTD (MDCX) Stock Technical Analysis
USA - NASDAQ:MDCX - CA58471K2020 - Common Stock
Taking everything into account, MDCX scores 1 out of 10 in our technical rating. 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.
Although the technical rating is bad, MDCX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.37, a Stop Loss order could be placed below this zone.
More info and screens
2.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.35 to 2.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.23 to 2.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.61 from a trend line in the daily time frame.
- A resistance zone ranging from 2.71 to 2.71. 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 | 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) | DOWN | NEGATIVE | The current price of MDCX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDCX is above the rising 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) | 49.82 | NEUTRAL | The RSI value for MDCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MDCX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.92 | NEUTRAL | The Stochastics value for MDCX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.49 | HIGH VOLATILITY | The high ATR as a percentage value for MDCX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.94 | NEUTRAL | The ADX value for MDCX suggests a possible start of a new trend. |
2.39
-0.03 (-1.24%)
MEDICUS PHARMA LTD / MDCX FAQ
Can you provide the ChartMill technical rating for MEDICUS PHARMA LTD?
ChartMill assigns a technical rating of 1 / 10 to MDCX.
Can you provide the trend direction for MEDICUS PHARMA LTD?
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 49.8153. This indicates that the stock is currently neutral.
What are the support and resistance levels for MEDICUS PHARMA LTD (MDCX) stock?
MEDICUS PHARMA LTD (MDCX) has a support level at 2.37 and a resistance level at 2.61. Check the full technical report for our detailed analysis of MDCX support and resistance levels.