MEDPACE HOLDINGS INC (MEDP) Stock Technical Analysis
NASDAQ:MEDP - Nasdaq - US58506Q1094 - Common Stock - Currency: USD
Overall MEDP gets a technical rating of 0 out of 10. MEDP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% of all other stocks performed better in the past year than MEDP.
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 284.10 - 315.52 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 an average performer in the Life Sciences Tools & Services industry, it outperforms 61% of 55 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MEDP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 293.20, a Stop Loss order could be placed below this zone.
More info and screens
274.45
372.87
3 important support areas can be observed.
- A support zone ranging from 291.73 to 293.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @287.10 from a horizontal line in the weekly time frame.
- Support @277.22 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 296.31 to 306.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @313.75 from a horizontal line in the daily time frame.
- Resistance @327.80 from a horizontal line in the daily time frame.
- A resistance zone ranging from 338.01 to 343.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @356.40 from a horizontal line in the daily time frame.
- Resistance @369.18 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 | DOWN | NEGATIVE | The long term trend for MEDP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEDP is down. |
| ChartMill Relative Strength | 20.24 | NEGATIVE | MEDP has a low relative strength, it was outperformed by 79.76% off all stocks 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) | DOWN | NEGATIVE | The current price of MEDP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.93 | NEUTRAL | The RSI value for MEDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests MEDP has a negative trend. |
| Stochastics (14,3) | 36.61 | NEUTRAL | The Stochastics value for MEDP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for MEDP suggests some volalility. |
| Average Directional Index/ADX (14) | 27.53 | POSITIVE | The high ADX value value for MEDP 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)
293.81
-4.78 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-1.6%
1 Week-4.18%
2 Weeks-5.27%
1 Month-4.09%
3 Month-10.24%
6 Month-13.75%
12 Month-23.95%
2 Year41.96%
3 Year105.12%
5 Year216.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.48
ATR(20)%3.7%
ATR Inc-38.11%
Range Today6.77
ADR(20)9.91
ADR(20)%3.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.24
Mansfield-1.79
10 Day High310.61
10 Day Low284.48
20 Day High315.52
20 Day Low284.1
52 Week High459.77
52 Week Low250.05
CS1 End293.2
CR1 Start296.31
Volume & EV
DER(3)0.84%
DER(5)0.23%
Volume216.80K
Volume Incr-34.67%
Vol(5)286.38K
Vol(50)517.69K