MIMEDX GROUP INC (MDXG) Technical Analysis
NASDAQ:MDXG • US6024961012
Current stock price
MDXG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MDXG. MDXG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MDXG is a bad performer in the overall market: 94% of all stocks are doing better.
- MDXG is one of the lesser performing stocks in the Biotechnology industry. 79% of 516 stocks in the same industry do better.
- MDXG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MDXG has a been trading in the 3.19 - 4.10 range, which is quite wide. It is currently trading near the lows of this range.
- MDXG has an average volume of 1215880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
MDXG Weekly and Daily overview Charts
MDXG Setup Rating and Analysis
The technical rating of MDXG is bad and it also does not present a quality setup 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
MDXG Support and Resistance Analysis
3.40
3 important resistance areas can be observed.
- Resistance @3.62 from a trend line in the daily time frame.
- Resistance @6.57 from a trend line in the weekly time frame.
- Resistance @7.76 from a horizontal line in the weekly time frame.
MDXG 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 MDXG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDXG is down. |
| ChartMill Relative Strength | 6.63 | NEGATIVE | MDXG has a low relative strength, it was outperformed by 93.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDXG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MDXG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MDXG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.75 | NEUTRAL | The RSI value for MDXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MDXG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.15 | NEUTRAL | The Stochastics value for MDXG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for MDXG suggests high volalility. |
| Average Directional Index/ADX (14) | 48.27 | POSITIVE | The high ADX value value for MDXG suggests a strong trend. |
MDXG Chart- and CandleStick Pattern Analysis
MDXG Technicals: Chart, Performance Metrics, Trend & Indicators
3.43
+0.08 (+2.39%)
MIMEDX GROUP INC / MDXG TA FAQ
Can you provide the ChartMill technical rating for MIMEDX GROUP INC?
ChartMill assigns a technical rating of 0 / 10 to MDXG.
Can you provide the trend direction for MIMEDX GROUP INC?
The current trend direction for MIMEDX GROUP INC (MDXG) is Bearish.
What is the RSI signal for MIMEDX GROUP INC (MDXG) stock?
MIMEDX GROUP INC (MDXG) has an RSI value of 32.7528. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MIMEDX GROUP INC?
The MACD indicator for MIMEDX GROUP INC (MDXG) has a value of -0.0122096, indicating a bearish trend.
What is the support and resistance level for MDXG stock?
MIMEDX GROUP INC (MDXG) has a resistance level at 3.62. Check the full technical report for our detailed analysis of MDXG support and resistance levels.