MADRIGAL PHARMACEUTICALS INC (MDGL) Stock Technical Analysis
NASDAQ:MDGL - Nasdaq - US5588681057 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MDGL. MDGL 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
MDGL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MDGL is part of the Biotechnology industry. There are 560 other stocks in this industry. MDGL outperforms 76% of them.
When compared to the yearly performance of all other stocks, MDGL outperforms 43% of them, which is more or less in line with the market.
MDGL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MDGL is lagging the market slightly.
MDGL has a poor technical rating and the quality of the setup is also only medium 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
228.39
358.40
We found 2 important support areas.
- A support zone ranging from 267.55 to 269.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @230.70 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 275.27 to 278.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @333.08 from a trend line in the daily time frame.
- A resistance zone ranging from 347.45 to 354.85. 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 MDGL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDGL is down. |
| ChartMill Relative Strength | 43.96 | NEUTRAL | MDGL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MDGL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MDGL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.56 | NEUTRAL | The RSI value for MDGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.08 | NEGATIVE | The MACD value suggests MDGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.5 | OVERSOLD | The low Stochastics value suggests MDGL may be oversold. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for MDGL suggests some volalility. |
| Average Directional Index/ADX (14) | 30.55 | POSITIVE | The high ADX value value for MDGL suggests a strong 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)
275.26
+5.33 (+1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.97%
1 Week0.7%
2 Weeks-5.67%
1 Month-16%
3 Month-19.34%
6 Month-16.13%
12 Month16.56%
2 Year-1.13%
3 Year314.61%
5 Year137.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)11.52
ATR(20)%4.6%
ATR Inc-8.62%
Range Today13.95
ADR(20)12.58
ADR(20)%4.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.96
Mansfield-0.85
10 Day High295.6
10 Day Low265
20 Day High337.52
20 Day Low265
52 Week High377.46
52 Week Low200.63
CS1 End269.48
CR1 Start275.27
Volume & EV
DER(3)-0.22%
DER(5)0.5%
Volume326.90K
Volume Incr-17.34%
Vol(5)305.20K
Vol(50)336.62K