MADRIGAL PHARMACEUTICALS INC (MDGL) Stock Technical Analysis
NASDAQ:MDGL • US5588681057
Taking everything into account, MDGL scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MDGL is a bad performer in the overall market: 64% of all stocks are doing better.
- In the last month MDGL has a been trading in the 424.20 - 506.39 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MDGL is an average performer in the Biotechnology industry, it outperforms 49% of 521 stocks in the same industry.
- MDGL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDGL is lagging the market.
Although the technical rating is bad, MDGL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 435.00, a Stop Loss order could be placed below this zone.
More info and screens
335.87
We found 3 important support areas.
- A support zone ranging from 435.00 to 435.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @422.99 from a horizontal line in the daily time frame.
- Support @339.26 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 435.02 to 438.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 471.12 to 476.84. 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 485.85 to 491.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 36.91 | 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 | POSITIVE | The current price of MDGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.33 | NEUTRAL | The RSI value for MDGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.41 | NEGATIVE | The MACD value suggests MDGL has a negative trend. |
| Stochastics (14,3) | 17.78 | OVERSOLD | The low Stochastics value suggests MDGL may be oversold. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for MDGL suggests high volalility. |
| Average Directional Index/ADX (14) | 43.52 | POSITIVE | The high ADX value value for MDGL suggests a strong trend. |
435.01
-4.99 (-1.13%)
MADRIGAL PHARMACEUTICALS INC / MDGL FAQ
What is the ChartMill technical rating of MADRIGAL PHARMACEUTICALS INC (MDGL) stock?
ChartMill assigns a technical rating of 0 / 10 to MDGL.
What is the trend direction for MDGL stock?
The current trend direction for MADRIGAL PHARMACEUTICALS INC (MDGL) is Bearish.
Can you provide the RSI signal for MADRIGAL PHARMACEUTICALS INC?
MADRIGAL PHARMACEUTICALS INC (MDGL) has an RSI value of 33.3254. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MADRIGAL PHARMACEUTICALS INC?
The MACD indicator for MADRIGAL PHARMACEUTICALS INC (MDGL) has a value of -2.41048, indicating a bearish trend.
What is the buy/sell signal for MADRIGAL PHARMACEUTICALS INC (MDGL) stock?
The buy/sell signal for MADRIGAL PHARMACEUTICALS INC (MDGL) is sell as both the short term and long term trends are negative.