We assign a technical rating of 0 out of 10 to MDY. MDY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MDY 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.
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559.28
When analyzing the support we notice one important area.
- A support zone ranging from 564.93 to 577.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 584.55 to 597.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 607.37 to 620.13. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for MDY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDY is down. |
| ChartMill Relative Strength | 39.16 | NEUTRAL | MDY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MDY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MDY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.83 | NEUTRAL | The RSI value for MDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.72 | NEGATIVE | The MACD value suggests MDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.12 | NEUTRAL | The Stochastics value for MDY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for MDY suggests low volalility. |
| Average Directional Index/ADX (14) | 21.07 | NEUTRAL | The ADX value for MDY suggests a possible start of a new trend. |
582.32
+13.69 (+2.41%)
SPDR S&P MIDCAP 400 ETF TRST / MDY FAQ
What is the ChartMill technical rating of SPDR S&P MIDCAP 400 ETF TRST (MDY) stock?
ChartMill assigns a technical rating of 0 / 10 to MDY.
What is the trend direction for MDY stock?
The current trend direction for SPDR S&P MIDCAP 400 ETF TRST (MDY) is Bearish.
What is the RSI signal for MDY stock?
SPDR S&P MIDCAP 400 ETF TRST (MDY) has an RSI value of 45.8276. This indicates that the stock is currently neutral.
What is the short term momentum for MDY stock?
The short term momentum for SPDR S&P MIDCAP 400 ETF TRST (MDY) is negative.
What are the support and resistance levels for SPDR S&P MIDCAP 400 ETF TRST (MDY) stock?
SPDR S&P MIDCAP 400 ETF TRST (MDY) has a support level at 577.76 and a resistance level at 584.55. Check the full technical report for our detailed analysis of MDY support and resistance levels.