Overall MDXG gets a technical rating of 0 out of 10. 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 negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MDXG is a bad performer in the overall market: 90% of all stocks are doing better.
- MDXG is one of the lesser performing stocks in the Biotechnology industry. 69% of 525 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 5.13 - 7.13 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
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
5.21
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.55 to 6.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.13 from a trend 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 | 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 | 10.28 | NEGATIVE | MDXG has a low relative strength, it was outperformed by 89.72% 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) | 22.58 | OVERSOLD | The low RSI value suggests MDXG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MDXG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.69 | OVERSOLD | The low Stochastics value suggests MDXG may be oversold. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for MDXG suggests some volalility. |
| Average Directional Index/ADX (14) | 41.18 | POSITIVE | The high ADX value value for MDXG suggests a strong trend. |
5.26
-0.16 (-2.95%)
MIMEDX GROUP INC / MDXG 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 MDXG stock?
MIMEDX GROUP INC (MDXG) has an RSI value of 22.5782. This indicates that the stock is currently oversold.
What is the MACD signal for MIMEDX GROUP INC (MDXG) stock?
The MACD indicator for MIMEDX GROUP INC (MDXG) has a value of -0.0833016, indicating a bearish trend.
Can you provide the short term momentum for MIMEDX GROUP INC?
The short term momentum for MIMEDX GROUP INC (MDXG) is negative.