MEDPACE HOLDINGS INC (MEDP)
US58506Q1094 - Common Stock
We assign a technical rating of 7 out of 10 to MEDP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, MEDP did better than 94% of all other stocks. On top of that, MEDP also shows a nice and consistent pattern of rising prices.
MEDP is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 94% of 58 stocks in the same industry.
MEDP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MEDP is lagging the market slightly.
In the last month MEDP has a been trading in the 355.79 - 421.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MEDP also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 408.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 397.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
275.24
417.45
We found 4 important support areas.
- A support zone ranging from 388.47 to 397.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 371.99 to 371.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @356.58 from a trend line in the daily time frame.
- Support @278.02 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 408.80 to 413.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.56
Mansfield2.19
10 Day High409.19
10 Day Low381.35
20 Day High421
20 Day Low355.79
52 Week High421
52 Week Low197.39
Performance
1 Week2.08%
2 Weeks2.42%
1 Month-0.77%
3 Month22.31%
6 Month44.97%
12 Month91.05%
2 Year178.69%
3 Year138.96%
5 Year639.53%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.5
RSI(14)52.85
LBB379.73
UBB409.76
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 |
|---|---|---|---|
| 413.33 | 388.46 | 24.87 (6.02%) | 16.62% |
| An entry @413.33. This is a Buy Stop order right above the resistance zone. | An exit @388.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 24.87 points, which is 6.02%. | When investing 16.62% 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 MEDP. 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.
MEDPACE HOLDINGS INC
NASDAQ:MEDP (5/9/2024, 7:04:54 PM)
After market: 399.2 0 (0%)399.2
+11.59 (+2.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg2.99%
1 Week2.08%
2 Weeks2.42%
1 Month-0.77%
3 Month22.31%
6 Month44.97%
12 Month91.05%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)17.29
ATR(20)%3.77%
ATR Inc
Range Today19.59
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High409.19
10 Day Low381.35
20 Day High421
20 Day Low355.79
52 Week High421
52 Week Low197.39
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume260.00K
Volume Incr-16.15%
Vol(5)219.04K
Vol(50)249.36K