MDIA Technical Analysis - MEDIACO HOLDING INC-CL A

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to MDIA. MDIA has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

MDIA is one of the better performing stocks in the Media industry, it outperforms 79% of 99 stocks in the same industry.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When compared to the yearly performance of all other stocks, MDIA outperforms 69% of them, which is more or less in line with the market.

MDIA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDIA is lagging the market.

In the last month MDIA has a been trading in the 1.12 - 1.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MEDIACO HOLDING INC-CL A / MDIA Weekly stock chart

MEDIACO HOLDING INC-CL A / MDIA Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, MDIA 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 1.26, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.09

1.44

3 important support areas can be observed.

A support zone ranging from 1.24 to 1.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.18 from a horizontal line in the daily time frame.
Support @1.10 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 1.42 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 MDIA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MDIA is down.
ChartMill Relative Strength	69.89	NEUTRAL	MDIA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MDIA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MDIA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MDIA is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.81	NEUTRAL	The RSI value for MDIA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests MDIA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	42.76	NEUTRAL	The Stochastics value for MDIA is a neutral value.
Average True Range in percent/ATR (20)	6.16	HIGH VOLATILITY	The high ATR as a percentage value for MDIA suggests high volalility.
Average Directional Index/ADX (14)	31.87	POSITIVE	The high ADX value value for MDIA suggests a strong trend.