MDXG Technical Analysis - MIMEDX GROUP INC

Technical Rating and Analysis

Taking everything into account, MDXG scores 4 out of 10 in our technical rating. In the past year, MDXG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When comparing the yearly performance of all stocks, we notice that MDXG is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

MDXG is part of the Biotechnology industry. There are 536 other stocks in this industry, MDXG did better than 64% of them.

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 6.62 - 7.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MIMEDX GROUP INC / MDXG Weekly stock chart

MIMEDX GROUP INC / MDXG Daily stock chart

Setup Rating and Analysis

MDXG has an average technical rating and also the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.65

7.49

3 important support areas can be observed.

A support zone ranging from 6.93 to 7.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @6.70 from a horizontal line in the daily time frame.
Support @5.71 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 7.27 to 7.42. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for MDXG is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MDXG is neutral.
ChartMill Relative Strength	80	POSITIVE	MDXG has a high relative strength, it outperformed 80% 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	NEGATIVE	The current price of MDXG is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.08	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)	34.18	NEUTRAL	The Stochastics value for MDXG is a neutral value.
Average True Range in percent/ATR (20)	3.06	MEDIUM VOLATILITY	The ATR as a percentage value for MDXG suggests some volalility.
Average Directional Index/ADX (14)	11.39	NEGATIVE	The low ADX value for MDXG suggests a weak or negative trend.