MADRIGAL PHARMACEUTICALS INC (MDGL) Stock Technical Analysis
NASDAQ:MDGL - Nasdaq - US5588681057 - Common Stock - Currency: USD
Overall MDGL gets a technical rating of 1 out of 10. MDGL'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.
74% of all other stocks performed better in the past year than MDGL.
MDGL is an average performer in the Biotechnology industry, it outperforms 65% of 557 stocks in the same industry.
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.
In the last month MDGL has a been trading in the 265.00 - 303.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MDGL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 280.00, a Stop Loss order could be placed below this zone.
More info and screens
230.34
358.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 274.87 to 280.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 267.55 to 267.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @232.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 286.10 to 290.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 295.58 to 297.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @328.18 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 | 26.9 | NEGATIVE | MDGL has a low relative strength, it was outperformed by 73.1% 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) | 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) | 48.91 | NEUTRAL | The RSI value for MDGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.7 | POSITIVE | The MACD value suggests MDGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.16 | NEUTRAL | The Stochastics value for MDGL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for MDGL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.99 | NEGATIVE | The low ADX value for MDGL suggests a weak or negative 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)
285.73
+3.01 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.06%
1 Week-3.86%
2 Weeks4.24%
1 Month3.06%
3 Month-16.36%
6 Month-7.36%
12 Month2.63%
2 Year23.69%
3 Year299.18%
5 Year152.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)11
ATR(20)%3.67%
ATR Inc-6.24%
Range Today8.52
ADR(20)10.37
ADR(20)%3.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.9
Mansfield-0.57
10 Day High303.45
10 Day Low275
20 Day High303.45
20 Day Low265
52 Week High377.46
52 Week Low200.63
CS1 End280
CR1 Start286.1
Volume & EV
DER(3)-1.21%
DER(5)-0.92%
Volume374.70K
Volume Incr-3.99%
Vol(5)300.28K
Vol(50)343.04K