MIDWEST HOLDING INC (MDWT) Stock Technical Analysis
NASDAQ:MDWT - Nasdaq - US59833J2069 - Common Stock - Currency: USD
Overall MDWT gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MDWT did better than 93% of all other 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 89% of 143 stocks in the same industry.
MDWT is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
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
When analyzing the support we can see 3 important 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.
When analyzing the resistance we notice one important 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.
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)71.01
LBB26.23
UBB27.16
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 worst case loss on the trade is limited to 0.57 points, which is 2.11%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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