MEDIFAST INC (MED) Stock Technical Analysis
NYSE:MED • US58470H1014
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.
- When comparing the yearly performance of all stocks, MED is a bad performer in the overall market: 82% of all stocks are doing better.
- MED is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MED has a been trading in the 10.10 - 11.91 range, which is quite wide. It is currently trading near the lows of this range.
- MED is part of the Personal Care Products industry. There are 36 other stocks in this industry, MED did better than 51% of them.
Although the technical rating is bad, MED does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.42, a Stop Loss order could be placed below this zone.
More info and screens
10.29
We found 1 important support 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.19 to 11.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.06 to 12.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.36 from a horizontal line in the daily time frame.
- Resistance @13.13 from a trend line in the weekly time frame.
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 | 18.2 | NEGATIVE | MED has a low relative strength, it was outperformed by 81.8% 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) | 40.24 | NEUTRAL | The RSI value for MED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.09 | NEUTRAL | The Stochastics value for MED is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for MED suggests some volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for MED suggests a weak or negative trend. |
10.53
+0.1 (+0.96%)
MEDIFAST INC / MED 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 40.2367. 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 negative.
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 11.19. Check the full technical report for our detailed analysis of MED support and resistance levels.