We assign a technical rating of 10 out of 10 to MDGL. Both in the recent history as in the last year, MDGL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MDGL has an excellent technical rating, it does not present a decent entry opportunity 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.
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312.79
4 important support areas can be observed.
- Support @542.11 from a horizontal line in the daily time frame.
- A support zone ranging from 443.42 to 445.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @417.43 from a horizontal line in the daily time frame.
- Support @315.95 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for MDGL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDGL is up. |
| ChartMill Relative Strength | 94.59 | POSITIVE | MDGL has a high relative strength, it outperformed 94.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDGL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.64 | OVERBOUGHT | The high RSI value suggests MDGL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.98 | POSITIVE | The MACD value suggests MDGL has a positive trend. |
| Stochastics (14,3) | 96.64 | OVERBOUGHT | The high Stochastics value suggests MDGL may be overbought. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for MDGL suggests high volalility. |
| Average Directional Index/ADX (14) | 30.68 | POSITIVE | The high ADX value value for MDGL suggests a strong trend. |
601.03
+8.99 (+1.52%)
MADRIGAL PHARMACEUTICALS INC / MDGL FAQ
What is the ChartMill technical rating of MADRIGAL PHARMACEUTICALS INC (MDGL) stock?
ChartMill assigns a technical rating of 10 / 10 to MDGL.
What is the current trend direction of MADRIGAL PHARMACEUTICALS INC (MDGL) stock?
The current trend direction for MADRIGAL PHARMACEUTICALS INC (MDGL) is Bullish.
Can you provide the RSI signal for MADRIGAL PHARMACEUTICALS INC?
MADRIGAL PHARMACEUTICALS INC (MDGL) has an RSI value of 76.6367. This indicates that the stock is currently overbought.
What is the MACD signal for MDGL stock?
The MACD indicator for MADRIGAL PHARMACEUTICALS INC (MDGL) has a value of 6.97844, indicating a bullish trend.
What is the support and resistance level for MDGL stock?
MADRIGAL PHARMACEUTICALS INC (MDGL) has a support level at 542.11. Check the full technical report for our detailed analysis of MDGL support and resistance levels.