MEDIFAST INC (MED) Technical Analysis
NYSE:MED • US58470H1014
Current stock price
MED Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MED. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 87% of all other stocks performed better in the past year than MED.
- MED is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MED is lagging the market.
- In the last month MED has a been trading in the 9.22 - 11.24 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.
- MED is part of the Personal Care Products industry. There are 37 other stocks in this industry, MED did better than 47% of them.
MED Weekly and Daily overview Charts
MED Setup Rating and Analysis
The technical rating of MED is bad and it also does not present a quality setup 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.
More info and screens
MED Support and Resistance Analysis
9.52
4 important resistance areas can be observed.
- A resistance zone ranging from 10.38 to 10.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.78 to 11.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.69 from a trend line in the weekly time frame.
- Resistance @12.36 from a horizontal line in the daily time frame.
MED 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 | DOWN | NEGATIVE | The short term trend for MED is down. |
| ChartMill Relative Strength | 13.05 | NEGATIVE | MED has a low relative strength, it was outperformed by 86.95% 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) | 29.64 | OVERSOLD | The low RSI value suggests MED may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MED has a negative trend. |
| Stochastics (14,3) | 13.39 | OVERSOLD | The low Stochastics value suggests MED may be oversold. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for MED suggests some volalility. |
| Average Directional Index/ADX (14) | 19.26 | NEGATIVE | The low ADX value for MED suggests a weak or negative trend. |
MED Chart- and CandleStick Pattern Analysis
MED Technicals: Chart, Performance Metrics, Trend & Indicators
9.62
+0.09 (+0.94%)
MEDIFAST INC / MED TA FAQ
What is the ChartMill technical rating of MEDIFAST INC (MED) stock?
ChartMill assigns a technical rating of 0 / 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 29.6429. This indicates that the stock is currently oversold.
What is the short term momentum for MED stock?
The short term momentum for MEDIFAST INC (MED) is negative.
What are the support and resistance levels for MEDIFAST INC (MED) stock?
MEDIFAST INC (MED) has a resistance level at 10.38. Check the full technical report for our detailed analysis of MED support and resistance levels.