We assign a technical rating of 0 out of 10 to ME. ME scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, ME is a bad performer in the overall market: 100% of all stocks are doing better.
ME is one of the lesser performing stocks in the Health Care Providers & Services industry. 91% of 102 stocks in the same industry do better.
ME is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ME is lagging the market.
In the last month ME has a been trading in the 0.53 - 2.07 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ME has an average volume of 4747330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.