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'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: 86% 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 currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MDXG is an average performer in the Biotechnology industry, it outperforms 52% of 558 stocks in the same industry.
MDXG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
5.59
6.67
2 important support areas can be observed.
- Support @5.82 from a trend line in the daily time frame.
- A support zone ranging from 5.65 to 5.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.95 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.54 to 6.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 14.7 | NEGATIVE | MDXG has a low relative strength, it was outperformed by 85.3% 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) | 36.11 | NEUTRAL | The RSI value for MDXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MDXG has a positive trend. |
| Stochastics (14,3) | 19.34 | OVERSOLD | The low Stochastics value suggests MDXG may be oversold. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MDXG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.73 | 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)
5.94
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week2.24%
2 Weeks-2.94%
1 Month-9.31%
3 Month-21.22%
6 Month-36.94%
12 Month-14.29%
2 Year-10.14%
3 Year71.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%3.03%
ATR Inc-34.03%
Range Today0.16
ADR(20)0.18
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.7
Mansfield-2.44
10 Day High6.15
10 Day Low5.79
20 Day High6.6
20 Day Low5.79
52 Week High10.14
52 Week Low5.47
CS1 End5.82
CR1 Start5.95
Volume & EV
DER(3)2.82%
DER(5)-1.13%
Volume1.99M
Volume Incr34.87%
Vol(5)733.80K
Vol(50)698.16K