MIDWEST HOLDING INC (MDWT) Stock Technical Analysis
NASDAQ:MDWT - Nasdaq - US59833J2069 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MDWT. Both in the recent history as in the last year, MDWT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: MDWT has an average volume of 8296 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MDWT is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, MDWT also shows a nice and consistent pattern of rising prices.
MDWT is one of the better performing stocks in the Insurance industry, it outperforms 91% of 143 stocks in the same industry.
MDWT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MDWT is leading the market.
In the last month MDWT has a been trading in a tight range between 26.21 and 26.99.
Volume is considerably higher in the last couple of days.
Although MDWT has an excellent technical rating, the quality of the presented setup is not ideal 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
15.07
27.27
We found 3 important support areas.
- A support zone ranging from 25.98 to 26.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.93 from a trend line in the weekly time frame.
- Support @15.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.00 to 27.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MDWT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDWT is up. |
| ChartMill Relative Strength | 93.95 | POSITIVE | MDWT has a high relative strength, it outperformed 93.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDWT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDWT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDWT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.01 | OVERBOUGHT | The high RSI value suggests MDWT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MDWT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.58 | OVERBOUGHT | The high Stochastics value suggests MDWT may be overbought. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for MDWT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.63 | NEUTRAL | The ADX value for MDWT suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 27.01 | 26.44 | 0.57 (2.11%) | 25.00% |
| An entry @27.01. This is a Buy Stop order right above the resistance zone. | An exit @26.44. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.57 points, which is 2.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- 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.
NASDAQ:MDWT (12/20/2023, 8:23:45 PM)
26.99
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0%
1 Week1.24%
2 Weeks1.96%
1 Month2.82%
3 Month3.41%
6 Month2.12%
12 Month103.7%
2 Year53.7%
3 Year-49.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.56%
ATR Inc-90.87%
Range Today0.02
ADR(20)0.11
ADR(20)%0.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.95
Mansfield1
10 Day High26.99
10 Day Low26.45
20 Day High26.99
20 Day Low26.21
52 Week High27.5
52 Week Low12.33
CS1 End26.8
CR1 Start27
Volume & EV
DER(3)-0.87%
DER(5)3.19%
Volume4.50K
Volume Incr148.12%
Vol(5)22.48K
Vol(50)8.30K