MEDPACE HOLDINGS INC (MEDP) Stock Technical Analysis
NASDAQ:MEDP - Nasdaq - US58506Q1094 - Common Stock - Currency: USD
Taking everything into account, MEDP scores 1 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MEDP is a bad performer in the overall market: 83% of all stocks are doing better.
MEDP 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 MEDP is lagging the market.
In the last month MEDP has a been trading in the 287.17 - 318.42 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MEDP is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry, MEDP did better than 48% of them.
MEDP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 300.05, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
274.45
344.81
We found 3 important support areas.
- A support zone ranging from 295.48 to 300.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 287.10 to 288.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @277.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 303.92 to 306.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 313.74 to 313.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @327.80 from a horizontal line in the daily time frame.
- Resistance @341.40 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 MEDP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEDP is neutral. |
| ChartMill Relative Strength | 17.13 | NEGATIVE | MEDP has a low relative strength, it was outperformed by 82.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MEDP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEDP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEDP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.5 | NEUTRAL | The RSI value for MEDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests MEDP has a positive trend. |
| Stochastics (14,3) | 34.08 | NEUTRAL | The Stochastics value for MEDP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MEDP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.96 | NEGATIVE | The low ADX value for MEDP 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)
302.69
+4.77 (+1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg1.6%
1 Week0.13%
2 Weeks-3.21%
1 Month-1.28%
3 Month-6.64%
6 Month-10.26%
12 Month-25.08%
2 Year26.03%
3 Year102.24%
5 Year225.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.58
ATR(20)%3.03%
ATR Inc10.16%
Range Today10.37
ADR(20)8.73
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.13
Mansfield-1.48
10 Day High314.46
10 Day Low293.2
20 Day High318.42
20 Day Low287.17
52 Week High459.77
52 Week Low250.05
CS1 End300.05
CR1 Start303.92
Volume & EV
DER(3)-0.99%
DER(5)-0.44%
Volume656.10K
Volume Incr29.75%
Vol(5)422.08K
Vol(50)484.03K