Logo image of MDP

MEREDITH CORP (MDP) Stock Technical Analysis

NYSE:MDP - New York Stock Exchange, Inc. - Common Stock

59.07  +0.07 (+0.12%)

After market: 59.15 +0.08 (+0.14%)

Technical Rating and Analysis

10

Overall MDP gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MDP has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MDP is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, MDP also shows a nice and consistent pattern of rising prices.
MDP is part of the Media industry. There are 97 other stocks in this industry. MDP outperforms 97% of them.
MDP is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MDP is leading the market.
MDP has an average volume of 1088400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MDP has a been trading in a tight range between 57.98 and 59.16.
Weekly and Daily overview Charts
MEREDITH CORP / MDP Weekly stock chart
MEREDITH CORP / MDP Daily stock chart
Setup Rating and Analysis

8

MDP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 59.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.91, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

39.91

59.67

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 57.36 to 58.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @48.27 from a trend line in the weekly time frame.
  • Support @46.98 from a trend line in the daily time frame.
  • Support @40.31 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 59.08 to 59.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for MDP is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for MDP is up.
ChartMill Relative Strength98.45POSITIVEMDP has a high relative strength, it outperformed 98.45% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of MDP is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of MDP is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of MDP is above the rising SMA(200).
Relative Strength Index/RSI (14)73.92OVERBOUGHTThe high RSI value suggests MDP may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.15NEGATIVEThe MACD value suggests MDP has a negative trend, although the MACD value is rising.
Stochastics (14,3)91.67OVERBOUGHTThe high Stochastics value suggests MDP may be overbought.
Average True Range in percent/ATR (20)0.42LOW VOLATILITYThe low ATR as a percentage value for MDP suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
59.0958.610.48 (0.81%)25.00%
An entry @59.09. This is a Buy Stop order right above the resistance zone.An exit @58.61. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.48 points, which is 0.81%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.20%.

  • 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.
MEREDITH CORP / MDP Daily stock chart

MEREDITH CORP

NYSE:MDP (12/1/2021, 8:48:41 PM)

After market: 59.15 +0.08 (+0.14%)

59.07

+0.07 (+0.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.12%
1 Week0.46%
2 Weeks0.8%
1 Month1.34%
3 Month41.79%
6 Month50%
12 Month188.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.42%
ATR Inc-43.3%
Range Today0.14
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
CRS98.45
Mansfield4.56
10 Day High59.16
10 Day Low58.62
20 Day High59.16
20 Day Low57.98
52 Week High59.16
52 Week Low18
CS1 End58.91
CR1 Start59.08
Volume & EV
DER(3)1.07%
DER(5)1.09%
Volume3.36M
Volume Incr90.26%
Vol(5)1.28M
Vol(50)1.09M