MEDPACE HOLDINGS INC (MEDP) Stock Technical Analysis
NASDAQ:MEDP • US58506Q1094
Overall MEDP gets a technical rating of 0 out of 10. MEDP'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.
- When comparing the yearly performance of all stocks, MEDP is a bad performer in the overall market: 67% of all stocks are doing better.
- In the last month MEDP has a been trading in the 392.35 - 628.92 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MEDP is part of the Life Sciences Tools & Services industry. There are 58 other stocks in this industry. MEDP outperforms 71% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MEDP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MEDP is lagging the market.
The technical rating of MEDP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
423.75
We can see 2 important resistance areas.
- A resistance zone ranging from 605.20 to 605.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @618.49 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MEDP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEDP is down. |
| ChartMill Relative Strength | 33.62 | NEUTRAL | MEDP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEDP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEDP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MEDP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 20.11 | OVERSOLD | The low RSI value suggests MEDP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -19.23 | NEGATIVE | The MACD value suggests MEDP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.42 | OVERSOLD | The low Stochastics value suggests MEDP may be oversold. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for MEDP suggests high volalility. |
| Average Directional Index/ADX (14) | 36.94 | POSITIVE | The high ADX value value for MEDP suggests a strong trend. |
428.03
+11.99 (+2.88%)
MEDPACE HOLDINGS INC / MEDP FAQ
What is the technical rating for MEDP stock?
ChartMill assigns a technical rating of 0 / 10 to MEDP.
Can you provide the trend direction for MEDPACE HOLDINGS INC?
The current trend direction for MEDPACE HOLDINGS INC (MEDP) is Bearish.
What is the RSI signal for MEDP stock?
MEDPACE HOLDINGS INC (MEDP) has an RSI value of 20.1124. This indicates that the stock is currently oversold.
What is the short term momentum for MEDPACE HOLDINGS INC (MEDP) stock?
The short term momentum for MEDPACE HOLDINGS INC (MEDP) is negative.
Can you provide the support and resistance levels for MEDPACE HOLDINGS INC?
MEDPACE HOLDINGS INC (MEDP) has a resistance level at 605.2. Check the full technical report for our detailed analysis of MEDP support and resistance levels.