MEDCL Technical Analysis - MEDINCELL SA

Technical Rating and Analysis

Overall MEDCL gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MEDCL has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that MEDCL is one of the better performing stocks in the market, outperforming 90% of all stocks.

MEDCL is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 85% of 50 stocks in the same industry.

MEDCL is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month MEDCL has a been trading in the 16.64 - 22.00 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although MEDCL has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.64

22.22

When analyzing the support we can see 4 important areas.

A support zone ranging from 21.39 to 21.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 17.40 to 17.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 16.78 to 16.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @15.80 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for MEDCL.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MEDCL.PA is up.
ChartMill Relative Strength	90.36	POSITIVE	MEDCL.PA has a high relative strength, it outperformed 90.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MEDCL.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MEDCL.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MEDCL.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	81.37	OVERBOUGHT	The high RSI value suggests MEDCL.PA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.3	POSITIVE	The MACD value suggests MEDCL.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	91.63	OVERBOUGHT	The high Stochastics value suggests MEDCL.PA may be overbought.
Average True Range in percent/ATR (20)	3.27	MEDIUM VOLATILITY	The ATR as a percentage value for MEDCL.PA suggests some volalility.
Average Directional Index/ADX (14)	38.17	POSITIVE	The high ADX value value for MEDCL.PA suggests a strong trend.