MEDIGUS LTD - SPON ADR (MDGS) Stock Technical Analysis
NASDAQ:MDGS - Nasdaq - US58471G4091 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to MDGS. MDGS'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.
94% of all other stocks performed better in the past year than MDGS.
MDGS is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 77% of 188 stocks in the same industry do better.
MDGS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MDGS is lagging the market.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: MDGS has an average volume of 11996 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month MDGS has a been trading in the 2.11 - 2.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MDGS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.34
3.06
We can see 2 important resistance areas.
- A resistance zone ranging from 2.61 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.03 from a trend line 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 | DOWN | NEGATIVE | The long term trend for MDGS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDGS is down. |
| ChartMill Relative Strength | 6.55 | NEGATIVE | MDGS has a low relative strength, it was outperformed by 93.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MDGS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MDGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.62 | NEUTRAL | The RSI value for MDGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MDGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.11 | NEUTRAL | The Stochastics value for MDGS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.24 | HIGH VOLATILITY | The high ATR as a percentage value for MDGS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.89 | NEGATIVE | The low ADX value for MDGS 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)
2.36
+0.18 (+8.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg8.28%
1 Week-9.23%
2 Weeks-12.92%
1 Month-13.24%
3 Month-30.59%
6 Month-26.71%
12 Month-55.13%
2 Year-84.87%
3 Year-91.97%
5 Year-94.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%8.24%
ATR Inc30.57%
Range Today0.41
ADR(20)0.18
ADR(20)%7.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.55
Mansfield-4.48
10 Day High2.74
10 Day Low2.11
20 Day High2.87
20 Day Low2.11
52 Week High7.17
52 Week Low2.11
CS1 EndN/A
CR1 Start2.61
Volume & EV
DER(3)9.64%
DER(5)5.64%
Volume28.80K
Volume Incr79.73%
Vol(5)26.24K
Vol(50)12.00K