MED Technical Analysis - MEDIFAST INC

Technical Rating and Analysis

Taking everything into account, MED scores 0 out of 10 in our technical rating. MED'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

85% 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.

In the last month MED has a been trading in the 13.25 - 14.67 range, which is quite wide. It is currently trading near the lows of this range.

MED is an average performer in the Personal Care Products industry, it outperforms 54% of 36 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MED has a poor technical rating and the quality of the setup is also not perfect 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

12.59

15.38

When analyzing the support we can see 2 important areas.

A support zone ranging from 13.12 to 13.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @12.72 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

Resistance @13.37 from a trend line in the weekly time frame.
A resistance zone ranging from 13.76 to 14.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @14.65 from a trend line in the daily time frame.
A resistance zone ranging from 14.91 to 15.23. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	15.12	NEGATIVE	MED has a low relative strength, it was outperformed by 84.88% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MED is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MED is below a declining 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)	38.74	NEUTRAL	The RSI value for MED is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests MED has a negative trend.
Stochastics (14,3)	33.27	NEUTRAL	The Stochastics value for MED is a neutral value.
Average True Range in percent/ATR (20)	3.15	MEDIUM VOLATILITY	The ATR as a percentage value for MED suggests some volalility.
Average Directional Index/ADX (14)	15.45	NEGATIVE	The low ADX value for MED suggests a weak or negative trend.