MADRIGAL PHARMACEUTICALS INC (MDGL) Stock Technical Analysis
USA - NASDAQ:MDGL - US5588681057 - Common Stock
We assign a technical rating of 5 out of 10 to MDGL. In the last year, MDGL was one of the better performers, but we do observe some doubts in the very recent evolution.
MDGL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 412.34, a Stop Loss order could be placed below this zone.
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307.47
3 important support areas can be observed.
- A support zone ranging from 409.50 to 412.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @321.32 from a trend line in the daily time frame.
- Support @310.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 423.67 to 433.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @443.02 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 453.80 to 458.67. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MDGL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDGL is neutral. |
| ChartMill Relative Strength | 81.72 | POSITIVE | MDGL has a high relative strength, it outperformed 81.72% off all stocks 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) | 41.69 | NEUTRAL | The RSI value for MDGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.45 | NEGATIVE | The MACD value suggests MDGL has a negative trend. |
| Stochastics (14,3) | 44.95 | NEUTRAL | The Stochastics value for MDGL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MDGL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.03 | NEUTRAL | The ADX value for MDGL suggests a possible start of a new trend. |
412.35
-6.55 (-1.56%)
MADRIGAL PHARMACEUTICALS INC / MDGL FAQ
What is the ChartMill technical rating of MADRIGAL PHARMACEUTICALS INC (MDGL) stock?
ChartMill assigns a technical rating of 5 / 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 41.6897. This indicates that the stock is currently neutral.
What is the MACD signal for MDGL stock?
The MACD indicator for MADRIGAL PHARMACEUTICALS INC (MDGL) has a value of -2.45036, indicating a bearish trend.
What is the support and resistance level for MDGL stock?
MADRIGAL PHARMACEUTICALS INC (MDGL) has a support level at 412.34 and a resistance level at 423.67. Check the full technical report for our detailed analysis of MDGL support and resistance levels.