MEDIFAST INC (MED) Stock Technical Analysis
NYSE:MED - New York Stock Exchange, Inc. - US58470H1014 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to MED. In the last year, MED was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
76% of all other stocks performed better in the past year than MED.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MED has a been trading in the 13.18 - 15.46 range, which is quite wide. It is currently trading near the high of this range.
MED is part of the Personal Care Products industry. There are 35 other stocks in this industry, MED did better than 52% of them.
MED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MED is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MED has an average technical rating and also the quality of the setup is only medium 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
12.56
15.38
When analyzing the support we can see 3 important areas.
- Support @13.48 from a trend line in the weekly time frame.
- A support zone ranging from 13.04 to 13.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.69 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- 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.
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 | NEUTRAL | NEUTRAL | The long term trend for MED is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MED is up. |
| ChartMill Relative Strength | 24.49 | NEGATIVE | MED has a low relative strength, it was outperformed by 75.51% 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) | 58.33 | NEUTRAL | The RSI value for MED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MED has a positive trend. |
| Stochastics (14,3) | 83.04 | OVERBOUGHT | The high Stochastics value suggests MED may be overbought. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for MED suggests some volalility. |
| Average Directional Index/ADX (14) | 21.29 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.24 | 13.17 | 2.07 (13.58%) | 7.36% |
| An entry @15.24. This is a Buy Stop order right above the resistance zone. | An exit @13.17. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.07 points, which is 13.58%. | For a 1.00% total portfolio risk, you can invest 7.36% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.9
-0.21 (-1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg-1.39%
1 Week12.54%
2 Weeks3.47%
1 Month11.03%
3 Month20.75%
6 Month-5.46%
12 Month-27.28%
2 Year-85.38%
3 Year-91.14%
5 Year-91.08%
10 Year-51.73%
15 Year-50.73%
Volatility
ATR(14)0.58
ATR(20)%3.91%
ATR Inc-23.4%
Range Today0.49
ADR(20)0.57
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.49
Mansfield-1.59
10 Day High15.37
10 Day Low13.18
20 Day High15.46
20 Day Low13.18
52 Week High22.66
52 Week Low11.57
CS1 End13.48
CR1 Start14.91
Volume & EV
DER(3)5.12%
DER(5)4.81%
Volume200.76K
Volume Incr-1.78%
Vol(5)249.39K
Vol(50)241.72K