MIMEDX GROUP INC (MDXG) Stock Technical Analysis
NASDAQ:MDXG - Nasdaq - US6024961012 - Common Stock - Currency: USD
Overall MDXG gets a technical rating of 7 out of 10. MDXG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
MDXG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, MDXG outperforms 57% of them, which is more or less in line with the market.
MDXG is an average performer in the Biotechnology industry, it outperforms 64% of 549 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.
Besides having an excellent technical rating, MDXG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 7.20. Right above this resistance zone may be a good entry point.
More info and screens
5.65
7.49
3 important support areas can be observed.
- A support zone ranging from 6.83 to 6.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.51 to 6.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.71 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.20 to 7.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.42 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 | 57.45 | NEUTRAL | MDXG is not amongst the best or worst performers 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) | UP | MIXED | The current price of MDXG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.51 | NEUTRAL | The RSI value for MDXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MDXG has a negative trend. |
| Stochastics (14,3) | 41.24 | NEUTRAL | The Stochastics value for MDXG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for MDXG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for MDXG suggests a weak or negative 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 |
|---|---|---|---|
| 7.29 | 6.88 | 0.41 (5.62%) | 17.78% |
| An entry @7.29. This is a Buy Stop order right above the resistance zone. | An exit @6.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.41 points, which is 5.62%. | For a 1.00% total portfolio risk, you can invest 17.78% of your capital in this trade. |
- 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.
7.19
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-0.55%
2 Weeks3.16%
1 Month6.36%
3 Month8.45%
6 Month-9.9%
12 Month4.2%
2 Year-3.1%
3 Year103.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%4.39%
ATR Inc-63.36%
Range Today0.12
ADR(20)0.29
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.45
Mansfield-1.02
10 Day High7.45
10 Day Low6.89
20 Day High7.99
20 Day Low6.47
52 Week High10.14
52 Week Low5.47
CS1 End6.89
CR1 Start7.2
Volume & EV
DER(3)-1.14%
DER(5)1.41%
Volume585.00K
Volume Incr-44.71%
Vol(5)519.00K
Vol(50)830.42K