MIMEDX GROUP INC (MDXG) Stock Technical Analysis
NASDAQ:MDXG - Nasdaq - US6024961012 - Common Stock - Currency: USD
Taking everything into account, MDXG scores 1 out of 10 in our technical rating. MDXG'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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MDXG is a bad performer in the overall market: 83% of all stocks are doing better.
MDXG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
MDXG is an average performer in the Biotechnology industry, it outperforms 53% of 556 stocks in the same industry.
In the last month MDXG has a been trading in the 5.80 - 7.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
MDXG has a poor technical rating and the quality of the setup is also not perfect 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
5.64
7.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.41 to 6.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.70 to 5.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.67 to 6.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.81 from a trend line in the daily time frame.
- Resistance @7.01 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for MDXG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDXG is neutral. |
| ChartMill Relative Strength | 17.93 | NEGATIVE | MDXG has a low relative strength, it was outperformed by 82.07% off all stocks 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) | DOWN | MIXED | The current price of MDXG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MDXG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.72 | NEUTRAL | The RSI value for MDXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MDXG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.26 | NEUTRAL | The Stochastics value for MDXG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for MDXG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.87 | NEUTRAL | The ADX value for MDXG 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)
6.65
+0.23 (+3.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.58%
1 Week-2.21%
2 Weeks2.62%
1 Month14.46%
3 Month-3.76%
6 Month-24.35%
12 Month-14.3%
2 Year-17.6%
3 Year94.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.32%
ATR Inc21.79%
Range Today0.29
ADR(20)0.29
ADR(20)%4.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.93
Mansfield-1.59
10 Day High7.05
10 Day Low6
20 Day High7.05
20 Day Low5.8
52 Week High10.14
52 Week Low5.47
CS1 End6.57
CR1 Start6.67
Volume & EV
DER(3)0.97%
DER(5)2.21%
Volume544.20K
Volume Incr42.87%
Vol(5)1.16M
Vol(50)755.92K