MEREDITH CORP (MDP) Technical Analysis
NYSE:MDP
Current stock price
MDP Technical Rating and Analysis
Overall MDP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MDP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MDP did better than 98% of all other stocks. On top of that, MDP also shows a nice and consistent pattern of rising prices.
- MDP is one of the better performing stocks in the Media industry, it outperforms 97% of 92 stocks in the same industry.
- 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.
MDP Weekly and Daily overview Charts
MDP Setup Rating and Analysis
Besides having an excellent technical rating, MDP 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.
More info and screens
MDP Support and Resistance Analysis
39.91
4 important support areas can be observed.
- 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.
MDP 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 | UP | POSITIVE | The long term trend for MDP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDP is up. |
| ChartMill Relative Strength | 98.45 | POSITIVE | MDP has a high relative strength, it outperformed 98.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.92 | OVERBOUGHT | The high RSI value suggests MDP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests MDP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.67 | OVERBOUGHT | The high Stochastics value suggests MDP may be overbought. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for MDP suggests low volalility. |
MDP Chart- and CandleStick Pattern Analysis
MDP 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.09 | 58.61 | 0.48 (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.
MDP Technicals: Chart, Performance Metrics, Trend & Indicators
59.07
+0.07 (+0.12%)
MEREDITH CORP / MDP TA FAQ
What is the ChartMill technical rating of MEREDITH CORP (MDP) stock?
ChartMill assigns a technical rating of 10 / 10 to MDP.
What is the current trend direction of MEREDITH CORP (MDP) stock?
The current trend direction for MEREDITH CORP (MDP) is Bullish.
Can you provide the RSI signal for MEREDITH CORP?
MEREDITH CORP (MDP) has an RSI value of 73.9197. This indicates that the stock is currently overbought.
What is the short term momentum for MEREDITH CORP (MDP) stock?
The short term momentum for MEREDITH CORP (MDP) is positive.
Can you provide the buy/sell signal for MEREDITH CORP?
The buy/sell signal for MEREDITH CORP (MDP) is buy as both the short term and long term trends are positive.