MIMEDX GROUP INC (MDXG) Stock Technical Analysis
NASDAQ:MDXG - Nasdaq - US6024961012 - Common Stock - Currency: USD
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.
79% of all other stocks performed better in the past year than MDXG.
MDXG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MDXG is lagging the market.
In the last month MDXG has a been trading in the 6.30 - 7.52 range, which is quite wide. It is currently trading near the lows of this range.
MDXG is an average performer in the Biotechnology industry, it outperforms 61% of 558 stocks in the same industry.
MDXG has a poor technical rating and the quality of the setup is also only medium 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
6.25
7.50
We found 2 important support areas.
- A support zone ranging from 6.43 to 6.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.31 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.97 to 7.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.43 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 | DOWN | NEGATIVE | The short term trend for MDXG is down. |
| ChartMill Relative Strength | 21.43 | NEGATIVE | MDXG has a low relative strength, it was outperformed by 78.57% 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) | UP | MIXED | The current price of MDXG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41 | NEUTRAL | The RSI value for MDXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MDXG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.03 | OVERSOLD | The low Stochastics value suggests MDXG may be oversold. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for MDXG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.16 | 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)
6.48
+0.09 (+1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.41%
1 Week-4.28%
2 Weeks-9.5%
1 Month-2.11%
3 Month-17.87%
6 Month-33.06%
12 Month-7.82%
2 Year-1.97%
3 Year86.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%4.14%
ATR Inc-31.55%
Range Today0.2
ADR(20)0.26
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.43
Mansfield-1.6
10 Day High7.21
10 Day Low6.3
20 Day High7.52
20 Day Low6.3
52 Week High10.14
52 Week Low5.47
CS1 End6.45
CR1 Start6.97
Volume & EV
DER(3)0.92%
DER(5)1.01%
Volume475.80K
Volume Incr-40.93%
Vol(5)540.46K
Vol(50)681.96K