Midas (MDS) Stock Technical Analysis
NYSE:MDS
Taking everything into account, MDS scores 8 out of 10 in our technical rating. In the last year, MDS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- When comparing the yearly performance of all stocks, we notice that MDS is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, MDS also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by MDS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MDS has a been trading in a tight range between %RANGE_LOW% and %RANGE_HIGH%.
- Considerably lower volume is observed in the last couple of days.
Although MDS has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.36
We found 1 important support area.
- A support zone ranging from 11.47 to 11.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.50 to 11.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 Relative Strength | 92.73 | POSITIVE | MDS has a high relative strength, it outperformed 92.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDS is above the rising SMA(200). |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for MDS suggests low volalility. |
11.5
+0.01 (+0.09%)
Midas / MDS FAQ
What is the technical rating for MDS stock?
ChartMill assigns a technical rating of 7 / 10 to MDS.
What is the current trend direction of Midas (MDS) stock?
The current trend direction for Midas (MDS) is Bearish.
Can you provide the RSI signal for Midas?
Midas (MDS) has an RSI value of null. This indicates that the stock is currently oversold.
What is the short term momentum for MDS stock?
The short term momentum for Midas (MDS) is neutral.
What are the support and resistance levels for Midas (MDS) stock?
Midas (MDS) has a support level at 11.49 and a resistance level at 11.5. Check the full technical report for our detailed analysis of MDS support and resistance levels.