We assign a technical rating of 10 out of 10 to MDGL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MDGL is showing a nice and steady performance.
MDGL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 598.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 583.72, a Stop Loss order could be placed below this zone.
More info and screens
321.67
We found 5 important support areas.
- A support zone ranging from 573.30 to 583.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @544.40 from a horizontal line in the daily time frame.
- A support zone ranging from 478.12 to 483.64. 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 @324.92 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 598.92 to 602.84. 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 | 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 | 94.87 | POSITIVE | MDGL has a high relative strength, it outperformed 94.87% 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) | 56.88 | NEUTRAL | The RSI value for MDGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.11 | NEGATIVE | The MACD value suggests MDGL has a negative trend. |
| Stochastics (14,3) | 69.5 | NEUTRAL | The Stochastics value for MDGL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MDGL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.29 | NEUTRAL | The ADX value for MDGL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 602.85 | 573.29 | 29.56 (4.90%) | 20.39% |
| An entry @602.85. This is a Buy Stop order right above the resistance zone. | An exit @573.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 29.56 points, which is 4.90%. | When investing 20.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MDGL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
583.73
-5.74 (-0.97%)
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 56.8812. 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 -1.11202, indicating a bearish trend.
What is the support and resistance level for MDGL stock?
MADRIGAL PHARMACEUTICALS INC (MDGL) has a support level at 583.72 and a resistance level at 598.92. Check the full technical report for our detailed analysis of MDGL support and resistance levels.