MIMEDX GROUP INC (MDXG) Stock Technical Analysis
USA - NASDAQ:MDXG - US6024961012 - Common Stock
7.47 USD
-0.01 (-0.13%)
7.5 USD
+0.03 (+0.4%)
Overall MDXG gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MDXG is a bad performer.
When comparing the yearly performance of all stocks, MDXG is a bad performer in the overall market: 75% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
MDXG is an average performer in the Biotechnology industry, it outperforms 46% of 531 stocks in the same industry.
MDXG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDXG is lagging the market.
In the last month MDXG has a been trading in the 6.54 - 7.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MDXG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
5.65
8.20
When analyzing the support we can see 5 important areas.
- A support zone ranging from 7.07 to 7.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.71 to 6.78. 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 can see 3 important resistance areas.
- A resistance zone ranging from 7.58 to 7.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.95 to 7.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @8.12 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 | UP | POSITIVE | The long term trend for MDXG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDXG is up. |
| ChartMill Relative Strength | 25.65 | NEGATIVE | MDXG has a low relative strength, it was outperformed by 74.35% 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) | 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) | 55.33 | NEUTRAL | The RSI value for MDXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MDXG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.85 | NEUTRAL | The Stochastics value for MDXG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for MDXG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.52 | POSITIVE | The high ADX value value for MDXG suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.67 | 7.22 | 0.46 (5.93%) | 16.86% |
| An entry @7.67. This is a Buy Stop order right above the resistance zone. | An exit @7.21. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.46 points, which is 5.93%. | When investing 16.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MDXG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.47
-0.01 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.13%
1 Week1.91%
2 Weeks0.95%
1 Month12.67%
3 Month5.06%
6 Month5.96%
12 Month-19.5%
2 Year-3.86%
3 Year129.85%
5 Year11.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%4.34%
ATR Inc-41.87%
Range Today0.29
ADR(20)0.32
ADR(20)%4.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.65
3 months CRS71.61
6 months CRS54.92
Mansfield-1.01
10 Day High7.97
10 Day Low7.23
20 Day High7.97
20 Day Low6.55
52 Week High10.14
52 Week Low5.79
CS1 End7.21
CR1 Start7.58
Volume & EV
DER(3)-1.6%
DER(5)-1.77%
Volume979.59K
Volume Incr-8.48%
Vol(5)948.90K
Vol(50)837.50K
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 Bullish.
What is the RSI signal for MDXG stock?
MIMEDX GROUP INC (MDXG) has an RSI value of 55.3283. 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 7.21 and a resistance level at 7.58. Check the full technical report for our detailed analysis of MDXG support and resistance levels.