MIMEDX GROUP INC (MDXG) Stock Technical Analysis
USA - NASDAQ:MDXG - US6024961012 - Common Stock
We assign a technical rating of 7 out of 10 to MDXG. MDXG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although MDXG has an excellent technical rating, it does not present a decent entry opportunity 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
5.65
We found 5 important support areas.
- A support zone ranging from 7.03 to 7.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.68 to 6.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.50 to 6.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.33 from a horizontal line in the daily time frame.
- Support @5.71 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @7.66 from a horizontal line in the weekly 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 MDXG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDXG is up. |
| ChartMill Relative Strength | 53.96 | NEUTRAL | MDXG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDXG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDXG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MDXG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.48 | NEUTRAL | The RSI value for MDXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MDXG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.71 | NEUTRAL | The Stochastics value for MDXG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for MDXG suggests some volalility. |
| Average Directional Index/ADX (14) | 25 | NEUTRAL | The ADX value for MDXG suggests a possible start of a new trend. |
7.44
+0.11 (+1.5%)
MIMEDX GROUP INC / MDXG FAQ
Can you provide the ChartMill technical rating for MIMEDX GROUP INC?
ChartMill assigns a technical rating of 7 / 10 to MDXG.
What is the current trend direction of MIMEDX GROUP INC (MDXG) stock?
The current trend direction for MIMEDX GROUP INC (MDXG) is Bearish.
What is the RSI signal for MDXG stock?
MIMEDX GROUP INC (MDXG) has an RSI value of 56.4801. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MIMEDX GROUP INC?
The short term momentum for MIMEDX GROUP INC (MDXG) is positive.
What are the support and resistance levels for MIMEDX GROUP INC (MDXG) stock?
MIMEDX GROUP INC (MDXG) has a support level at 7.04 and a resistance level at 7.66. Check the full technical report for our detailed analysis of MDXG support and resistance levels.