MEDIFAST INC (MED) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MED - US58470H1014 - Common Stock
We assign a technical rating of 3 out of 10 to MED. In the past year, MED was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 82% 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 10.10 - 12.10 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- MED is part of the Personal Care Products industry. There are 36 other stocks in this industry, MED did better than 60% of them.
Although the technical rating is bad, MED does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.37. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
10.29
When analyzing the support we notice one important area.
- A support zone ranging from 10.39 to 10.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.37 to 12.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.42 to 13.46. 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 | UP | POSITIVE | The short term trend for MED is up. |
| ChartMill Relative Strength | 18.84 | NEGATIVE | MED has a low relative strength, it was outperformed by 81.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MED is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MED is above 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) | 60.66 | NEUTRAL | The RSI value for MED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MED has a positive trend. |
| Stochastics (14,3) | 89.82 | OVERBOUGHT | The high Stochastics value suggests MED may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for MED suggests some volalility. |
| Average Directional Index/ADX (14) | 17.91 | NEGATIVE | The low ADX value for MED suggests a weak or negative trend. |
12.05
+0.35 (+2.99%)
MEDIFAST INC / MED FAQ
What is the ChartMill technical rating of MEDIFAST INC (MED) stock?
ChartMill assigns a technical rating of 3 / 10 to MED.
Can you provide the trend direction for MEDIFAST INC?
The current trend direction for MEDIFAST INC (MED) is Bearish.
Can you provide the RSI signal for MEDIFAST INC?
MEDIFAST INC (MED) has an RSI value of 60.6596. This indicates that the stock is currently neutral.
What is the short term momentum for MED stock?
The short term momentum for MEDIFAST INC (MED) is positive.
What are the support and resistance levels for MEDIFAST INC (MED) stock?
MEDIFAST INC (MED) has a support level at 10.42 and a resistance level at 12.37. Check the full technical report for our detailed analysis of MED support and resistance levels.