We assign a technical rating of 2 out of 10 to MDWD. MDWD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, MDWD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.09, a Stop Loss order could be placed below this zone.
More info and screens
16.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.07 to 17.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.71 from a horizontal line in the daily time frame.
- A support zone ranging from 16.26 to 16.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.69 to 18.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.80 to 18.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.69 from a horizontal line 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 Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MDWD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDWD is neutral. |
| ChartMill Relative Strength | 65.62 | NEUTRAL | MDWD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDWD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MDWD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MDWD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.42 | NEUTRAL | The RSI value for MDWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MDWD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.22 | NEUTRAL | The Stochastics value for MDWD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MDWD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.28 | NEGATIVE | The low ADX value for MDWD suggests a weak or negative trend. |
17.68
-0.3 (-1.67%)
MEDIWOUND LTD / MDWD FAQ
What is the technical rating for MDWD stock?
ChartMill assigns a technical rating of 2 / 10 to MDWD.
What is the current trend direction of MEDIWOUND LTD (MDWD) stock?
The current trend direction for MEDIWOUND LTD (MDWD) is Bearish.
What is the RSI signal for MEDIWOUND LTD (MDWD) stock?
MEDIWOUND LTD (MDWD) has an RSI value of 47.4195. This indicates that the stock is currently neutral.
What is the support and resistance level for MDWD stock?
MEDIWOUND LTD (MDWD) has a support level at 17.09 and a resistance level at 17.69. Check the full technical report for our detailed analysis of MDWD support and resistance levels.