MEDICUS PHARMA LTD (MDCX) Technical Analysis
NASDAQ:MDCX • CA58471K2020
Current stock price
MDCX Technical Rating and Analysis
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.
- 99% of all other stocks performed better in the past year than MDCX.
- MDCX is one of the lesser performing stocks in the Biotechnology industry. 90% of 517 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 0.39 - 0.58 range, which is quite wide. It is currently trading near the lows of this range.
- MDCX has an average volume of 4760230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
MDCX Weekly and Daily overview Charts
MDCX Setup Rating and Analysis
MDCX has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
MDCX Support and Resistance Analysis
0.41
When analyzing the resistance we notice 4 important areas.
- Resistance @0.42 from a trend line in the daily time frame.
- A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.49 from a horizontal line in the daily time frame.
- Resistance @0.67 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 | 1.07 | NEGATIVE | MDCX has a low relative strength, it was outperformed by 98.93% 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) | 36.45 | NEUTRAL | The RSI value for MDCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MDCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.85 | NEUTRAL | The Stochastics value for MDCX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.06 | HIGH VOLATILITY | The high ATR as a percentage value for MDCX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.08 | 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
0.414
-0.03 (-6.33%)
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 36.4547. 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 0.0259369, indicating a bearish trend.
What is the support and resistance level for MDCX stock?
MEDICUS PHARMA LTD (MDCX) has a support level at 0.42 and a resistance level at 0.48. Check the full technical report for our detailed analysis of MDCX support and resistance levels.