MEDIFAST INC (MED) Stock Technical Analysis
NYSE:MED - New York Stock Exchange, Inc. - US58470H1014 - Common Stock - Currency: USD
Overall MED gets a technical rating of 2 out of 10. 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.
When comparing the yearly performance of all stocks, MED is a bad performer in the overall market: 86% of all stocks are doing better.
MED is one of the lesser performing stocks in the Personal Care Products industry. 70% of 35 stocks in the same industry do better.
MED is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MED is lagging the market.
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.
In the last month MED has a been trading in the 12.43 - 14.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MED has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MED in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.79
14.16
We found 3 important support areas.
- A support zone ranging from 13.67 to 13.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.16 to 13.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.91 to 11.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.00 to 14.02. 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 | 14.77 | NEGATIVE | MED has a low relative strength, it was outperformed by 85.23% 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) | DOWN | MIXED | The current price of MED is above 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) | 58.22 | 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) | 68.21 | NEUTRAL | The Stochastics value for MED is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MED suggests some volalility. |
| Average Directional Index/ADX (14) | 13.61 | NEGATIVE | The low ADX value for MED suggests a weak or negative 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)
13.94
+0.46 (+3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg3.41%
1 Week5.29%
2 Weeks9.33%
1 Month6.09%
3 Month-2.92%
6 Month-29.13%
12 Month-45.84%
2 Year-82.29%
3 Year-91.64%
5 Year-86.38%
10 Year-56.69%
15 Year-55.56%
Volatility
ATR(14)0.54
ATR(20)%3.74%
ATR Inc-2.9%
Range Today0.58
ADR(20)0.49
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.77
Mansfield-2.11
10 Day High14.38
10 Day Low12.71
20 Day High14.38
20 Day Low12.43
52 Week High26.07
52 Week Low11.57
CS1 End13.86
CR1 Start14
Volume & EV
DER(3)2.79%
DER(5)3.73%
Volume159.60K
Volume Incr-26.89%
Vol(5)161.96K
Vol(50)225.09K