MEDISTIM ASA (MEDI.OL) Stock Technical Analysis
OSL:MEDI - Euronext Oslo - NO0010159684 - Common Stock - Currency: NOK
Overall MEDI gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MEDI is only an average performer.
Warning: MEDI has an average volume of 5380 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
MEDI is part of the Health Care Equipment & Supplies industry. There are 58 other stocks in this industry. MEDI outperforms 77% of them.
MEDI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MEDI is performing more or less in line with the market.
MEDI 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.
Looking at the yearly performance, MEDI did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
MEDI has an excellent technical rating and also presents 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 213.01. Right above this resistance zone may be a good entry point.
More info and screens
153.45
215.14
When analyzing the support we can see 4 important areas.
- A support zone ranging from 203.99 to 205.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @165.49 from a trend line in the daily time frame.
- Support @159.00 from a horizontal line in the daily time frame.
- Support @155.00 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 213.01 to 213.01. 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 | UP | POSITIVE | The long term trend for MEDI.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEDI.OL is up. |
| ChartMill Relative Strength | 79.61 | POSITIVE | MEDI.OL has a high relative strength, it outperformed 79.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEDI.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEDI.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEDI.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.21 | NEUTRAL | The RSI value for MEDI.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests MEDI.OL has a negative trend. |
| Stochastics (14,3) | 77.14 | NEUTRAL | The Stochastics value for MEDI.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for MEDI.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 35.32 | POSITIVE | The high ADX value value for MEDI.OL suggests a strong 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 |
|---|---|---|---|
| 213.02 | 203.98 | 9.04 (4.24%) | 23.56% |
| An entry @213.02. This is a Buy Stop order right above the resistance zone. | An exit @203.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.04 points, which is 4.24%. | When investing 23.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MEDI. Please evaluate whether better entry and exit points can be found.
- 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.
OSL:MEDI (5/28/2025, 7:00:00 PM)
207
+3 (+1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.47%
1 Week-2.82%
2 Weeks0%
1 Month27.78%
3 Month29.38%
6 Month36.18%
12 Month4.02%
2 Year-20.38%
3 Year-20.99%
5 Year3.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.25
ATR(20)%4.05%
ATR Inc-8.33%
Range Today12.5
ADR(20)7.63
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.61
Mansfield2.13
10 Day High213
10 Day Low194.5
20 Day High216
20 Day Low157
52 Week High216
52 Week Low130
CS1 End205.99
CR1 Start213.01
Volume & EV
DER(3)-1.79%
DER(5)-101.87%
Volume2.33K
Volume Incr-76.28%
Vol(5)1.20K
Vol(50)5.38K