MEDICUS PHARMA LTD (MDCX) Stock Technical Analysis
USA - NASDAQ:MDCX - CA58471K2020 - Common Stock
Overall MDCX gets a technical rating of 2 out of 10. MDCX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MDCX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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2.17
When analyzing the support we notice one important area.
- Support @2.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.38 to 2.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.57 from a trend line in the daily time frame.
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 | 61.27 | NEUTRAL | MDCX is not amongst the best or worst performers 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 | MIXED | The current price of MDCX is below 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) | 43.95 | NEUTRAL | The RSI value for MDCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MDCX has a negative trend. |
| Stochastics (14,3) | 22.62 | NEUTRAL | The Stochastics value for MDCX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.49 | HIGH VOLATILITY | The high ATR as a percentage value for MDCX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.8 | NEGATIVE | The low ADX value for MDCX suggests a weak or negative trend. |
2.2
-0.06 (-2.65%)
MEDICUS PHARMA LTD / MDCX FAQ
Can you provide the ChartMill technical rating for MEDICUS PHARMA LTD?
ChartMill assigns a technical rating of 2 / 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 43.9478. 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 2.19 and a resistance level at 2.38. Check the full technical report for our detailed analysis of MDCX support and resistance levels.