MEDIFAST INC (MED) Technical Analysis
NYSE:MED • US58470H1014
Current stock price
MED Technical Rating and Analysis
Taking everything into account, MED scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MED was also a bad performer in the overall market in the last year.
- 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.
- MED is one of the better performing stocks in the Personal Care Products industry, it outperforms 72% of 37 stocks in the same industry.
- MED is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MED Weekly and Daily overview Charts
MED Setup Rating and Analysis
MED has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.74, a Stop Loss order could be placed below this zone.
More info and screens
MED Support and Resistance Analysis
9.42
2 important support areas can be observed.
- A support zone ranging from 10.65 to 10.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.52 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.93 to 11.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.62 from a trend line in the weekly 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 | 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) | 56.67 | NEUTRAL | The RSI value for MED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.53 | NEUTRAL | The Stochastics value for MED is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for MED suggests some volalility. |
| Average Directional Index/ADX (14) | 20.32 | NEUTRAL | The ADX value for MED suggests a possible start of a new trend. |
MED Chart- and CandleStick Pattern Analysis
MED Technicals: Chart, Performance Metrics, Trend & Indicators
10.91
+0.04 (+0.37%)
MEDIFAST INC / MED TA FAQ
What is the ChartMill technical rating of MEDIFAST INC (MED) stock?
ChartMill assigns a technical rating of 5 / 10 to MED.
Can you provide the trend direction for MEDIFAST INC?
The current trend direction for MEDIFAST INC (MED) is Bearish.
What is the RSI signal for MEDIFAST INC (MED) stock?
MEDIFAST INC (MED) has an RSI value of 56.671. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEDIFAST INC?
The MACD indicator for MEDIFAST INC (MED) has a value of 0.000122817, indicating a bearish trend.
Can you provide the buy/sell signal for MEDIFAST INC?
The buy/sell signal for MEDIFAST INC (MED) is hold as the short term and long term trends are mixed.