MEDIFAST INC (MED) Stock Technical Analysis
NYSE:MED - New York Stock Exchange, Inc. - US58470H1014 - Common Stock - Currency: USD
Taking everything into account, MED scores 1 out of 10 in our technical rating. MED 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
87% of all other stocks performed better in the past year than MED.
MED 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.
MED is part of the Personal Care Products industry. There are 35 other stocks in this industry, MED did better than 44% of them.
In the last month MED has a been trading in the 12.63 - 15.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MED has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MED in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.79
15.38
3 important support areas can be observed.
- A support zone ranging from 12.72 to 12.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.47 from a horizontal line in the daily time frame.
- A support zone ranging from 11.91 to 11.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.27 to 14.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.84 to 15.23. 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 | DOWN | NEGATIVE | The long term trend for MED is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MED is neutral. |
| ChartMill Relative Strength | 13.98 | NEGATIVE | MED has a low relative strength, it was outperformed by 86.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MED is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MED is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.27 | NEUTRAL | The RSI value for MED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MED has a positive trend. |
| Stochastics (14,3) | 44.11 | NEUTRAL | The Stochastics value for MED is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for MED suggests some volalility. |
| Average Directional Index/ADX (14) | 20.42 | NEUTRAL | The ADX value for MED suggests a possible start of a new 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)
13.65
-0.5 (-3.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg-3.53%
1 Week-0.36%
2 Weeks5.32%
1 Month-10.26%
3 Month1.79%
6 Month-7.33%
12 Month-31.68%
2 Year-83.82%
3 Year-89.12%
5 Year-91.61%
10 Year-50.85%
15 Year-48.91%
Volatility
ATR(14)0.67
ATR(20)%4.43%
ATR Inc21.23%
Range Today0.64
ADR(20)0.59
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.98
Mansfield-1.96
10 Day High14.26
10 Day Low12.69
20 Day High15.31
20 Day Low12.64
52 Week High21.98
52 Week Low11.57
CS1 End12.84
CR1 Start14.27
Volume & EV
DER(3)8.13%
DER(5)8.68%
Volume176.30K
Volume Incr-4.25%
Vol(5)207.52K
Vol(50)230.22K