MEDGENICS INC (MDGN) Stock Technical Analysis
NYSEARCA:MDGN - NYSE Arca - US58436Q2030
We assign a technical rating of 2 out of 10 to MDGN. MDGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, MDGN is a bad performer in the overall market: 62% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MDGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDGN is lagging the market.
In the last month MDGN has a been trading in the 4.96 - 5.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MDGN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 5.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MDGN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.30
5.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.20 to 5.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.99 to 4.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.34 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @5.64 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.78 to 5.84. 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 | NEUTRAL | NEUTRAL | The long term trend for MDGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDGN is up. |
| ChartMill Relative Strength | 38.84 | NEUTRAL | MDGN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MDGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MDGN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.74 | NEUTRAL | The RSI value for MDGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MDGN has a positive trend. |
| Stochastics (14,3) | 59.81 | NEUTRAL | The Stochastics value for MDGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for MDGN suggests high volalility. |
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)
5.57
+0.17 (+3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.15%
1 Week4.11%
2 Weeks10.08%
1 Month-1.59%
3 Month7.12%
6 Month-6.86%
12 Month-10.45%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%5.52%
ATR Inc20.2%
Range Today0.3
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.84
Mansfield0.04
10 Day High5.7
10 Day Low4.96
20 Day High5.95
20 Day Low4.96
52 Week High6.6
52 Week Low3.09
CS1 End5.43
CR1 Start5.64
Volume & EV
DER(3)4.48%
DER(5)-1.65%
Volume146.30K
Volume Incr7.42%
Vol(5)204.96K
Vol(50)184.68K