MDX Technical Analysis - MEDX HEALTH CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to MDX. MDX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

91% of all other stocks performed better in the past year than MDX.

MDX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 60% of 16 stocks in the same industry do better.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

In the last month MDX has a been trading in the 0.06 - 0.07 range, which is quite wide. It is currently trading near the high of this range.

MDX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDX is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MEDX HEALTH CORP / MDX Weekly stock chart

MEDX HEALTH CORP / MDX Daily stock chart

Setup Rating and Analysis

MDX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.07. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.06

0.09

2 important resistance areas can be observed.

A resistance zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.09 from a trend line in the weekly 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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for MDX.CA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MDX.CA is neutral.
ChartMill Relative Strength	9.6	NEGATIVE	MDX.CA has a low relative strength, it was outperformed by 90.4% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MDX.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MDX.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MDX.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.54	NEUTRAL	The RSI value for MDX.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests MDX.CA has a negative trend.
Stochastics (14,3)	50	NEUTRAL	The Stochastics value for MDX.CA is a neutral value.
Average True Range in percent/ATR (20)	6.54	HIGH VOLATILITY	The high ATR as a percentage value for MDX.CA suggests high volalility.
Average Directional Index/ADX (14)	44.74	POSITIVE	The high ADX value value for MDX.CA suggests a strong trend.