VERADIGM INC (MDRX) Technical Analysis
NASDAQ:MDRX • US01988P1084
Current stock price
MDRX Technical Rating and Analysis
Taking everything into account, MDRX scores 0 out of 10 in our technical rating. MDRX'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.
- When comparing the yearly performance of all stocks, MDRX is a bad performer in the overall market: 96% of all stocks are doing better.
- MDRX is one of the lesser performing stocks in the Health Care Technology industry. 70% of 35 stocks in the same industry do better.
- MDRX is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MDRX is lagging the market.
- In the last month MDRX has a been trading in the 6.20 - 9.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MDRX has an average volume of 3789360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MDRX Weekly and Daily overview Charts
MDRX Setup Rating and Analysis
The technical rating of MDRX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MDRX Support and Resistance Analysis
6.74
We found 1 important resistance area.
- Resistance @13.55 from a horizontal line in the daily time frame.
MDRX 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 | DOWN | NEGATIVE | The long term trend for MDRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDRX is down. |
| ChartMill Relative Strength | 4.53 | NEGATIVE | MDRX has a low relative strength, it was outperformed by 95.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MDRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MDRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.22 | OVERSOLD | The low RSI value suggests MDRX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MDRX has a negative trend. |
| Stochastics (14,3) | 29.63 | NEUTRAL | The Stochastics value for MDRX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for MDRX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.42 | POSITIVE | The high ADX value value for MDRX suggests a strong trend. |
MDRX Chart- and CandleStick Pattern Analysis
MDRX Technicals: Chart, Performance Metrics, Trend & Indicators
6.81
-0.79 (-10.39%)
VERADIGM INC / MDRX TA FAQ
What is the ChartMill technical rating of VERADIGM INC (MDRX) stock?
ChartMill assigns a technical rating of 0 / 10 to MDRX.
What is the trend direction for MDRX stock?
The current trend direction for VERADIGM INC (MDRX) is Bearish.
Can you provide the RSI signal for VERADIGM INC?
VERADIGM INC (MDRX) has an RSI value of 23.2243. This indicates that the stock is currently oversold.
What is the short term momentum for VERADIGM INC (MDRX) stock?
The short term momentum for VERADIGM INC (MDRX) is negative.
Can you provide the buy/sell signal for VERADIGM INC?
The buy/sell signal for VERADIGM INC (MDRX) is sell as both the short term and long term trends are negative.