Logo image of MDRX

VERADIGM INC (MDRX) Stock Technical Analysis

USA - NASDAQ:MDRX - US01988P1084 - Common Stock

6.81 USD
-0.79 (-10.39%)
Last: 2/28/2024, 8:00:01 PM
6.86 USD
+0.05 (+0.73%)
After Hours: 2/28/2024, 8:00:01 PM
Technical Rating and Analysis

0

Taking everything into account, MDRX scores 0 out of 10 in our technical rating. MDRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than MDRX.
MDRX is part of the Health Care Technology industry. There are 35 other stocks in this industry, of which 79% are performing better than MDRX.
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.

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Weekly and Daily overview Charts
VERADIGM INC / MDRX Weekly stock chart
VERADIGM INC / MDRX Daily stock chart
Setup Rating and Analysis

1

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.

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Support and Resistance Analysis

6.74

13.69

When analyzing the resistance we notice one important area.

  • Resistance @13.55 from a horizontal line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for MDRX is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for MDRX is down.
ChartMill Relative Strength4.53NEGATIVEMDRX has a low relative strength, it was outperformed by 95.47% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of MDRX is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of MDRX is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of MDRX is below a declining SMA(200).
Relative Strength Index/RSI (14)23.22OVERSOLDThe low RSI value suggests MDRX may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.08NEGATIVEThe MACD value suggests MDRX has a negative trend.
Stochastics (14,3)29.63NEUTRALThe Stochastics value for MDRX is a neutral value.
Average True Range in percent/ATR (20)6.7HIGH VOLATILITYThe high ATR as a percentage value for MDRX suggests high volalility.
Average Directional Index/ADX (14)34.42POSITIVEThe high ADX value value for MDRX suggests a strong trend.
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)

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VERADIGM INC / MDRX Daily stock chart

VERADIGM INC

NASDAQ:MDRX (2/28/2024, 8:00:01 PM)

After market: 6.86 +0.05 (+0.73%)

6.81

-0.79 (-10.39%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-10.39%
1 Week-17.75%
2 Weeks-17.55%
1 Month-27.55%
3 Month-43.86%
6 Month-49.63%
12 Month-54.9%
2 Year-65.01%
3 Year-55.87%
5 Year-36.47%
10 Year-63.33%
15 Year-21.72%
Volatility
ATR(14)0.49
ATR(20)%6.7%
ATR Inc299.02%
Range Today1.13
ADR(20)0.42
ADR(20)%6.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.53
3 months CRSN/A
6 months CRSN/A
Mansfield-5.07
10 Day High8.54
10 Day Low6.2
20 Day High9.5
20 Day Low6.2
52 Week High14.99
52 Week Low6.2
CS1 EndN/A
CR1 Start13.55
Volume & EV
DER(3)2.81%
DER(5)2.09%
Volume81.92M
Volume Incr892.05%
Vol(5)20.39M
Vol(50)3.79M

VERADIGM INC / MDRX 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 current trend direction of VERADIGM INC (MDRX) stock?

The current trend direction for VERADIGM INC (MDRX) is Bearish.


What is the RSI signal for MDRX stock?

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.


What is the support and resistance level for MDRX stock?

VERADIGM INC (MDRX) has a resistance level at 13.55. Check the full technical report for our detailed analysis of MDRX support and resistance levels.