TRXADE HEALTH INC (MEDS) Stock Technical Analysis
NASDAQ:MEDS - Nasdaq - US89846A4058 - Common Stock - Currency: USD
Overall MEDS gets a technical rating of 0 out of 10. MEDS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
76% of all other stocks performed better in the past year than MEDS.
MEDS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MEDS is lagging the market.
MEDS is part of the Health Care Technology industry. There are 37 other stocks in this industry, MEDS did better than 69% of them.
In the last month MEDS has a been trading in the 6.43 - 8.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MEDS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
4.06
10.06
5 important support areas can be observed.
- Support @6.59 from a trend line in the daily time frame.
- Support @6.36 from a horizontal line in the daily time frame.
- Support @4.32 from a trend line in the weekly time frame.
- Support @4.18 from a horizontal line in the weekly time frame.
- Support @4.10 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @9.96 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 MEDS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEDS is down. |
| ChartMill Relative Strength | 24.62 | NEGATIVE | MEDS has a low relative strength, it was outperformed by 75.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MEDS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEDS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MEDS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.11 | NEUTRAL | The RSI value for MEDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MEDS has a positive trend. |
| Stochastics (14,3) | 51.8 | NEUTRAL | The Stochastics value for MEDS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.68 | HIGH VOLATILITY | The high ATR as a percentage value for MEDS suggests high volalility. |
| Average Directional Index/ADX (14) | 8.73 | NEGATIVE | The low ADX value for MEDS 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)
7.59
+0.35 (+4.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg4.83%
1 Week3.55%
2 Weeks18.04%
1 Month-8.22%
3 Month-16.59%
6 Month-68.47%
12 Month12.78%
2 Year-55.22%
3 Year-89.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%7.68%
ATR Inc-7.95%
Range Today0.64
ADR(20)0.55
ADR(20)%7.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.62
Mansfield-1.92
10 Day High7.7
10 Day Low6.44
20 Day High8.31
20 Day Low6.43
52 Week High44.56
52 Week Low3.69
CS1 End6.59
CR1 Start9.96
Volume & EV
DER(3)2.12%
DER(5)-2.21%
Volume18.90K
Volume Incr-48.28%
Vol(5)17.00K
Vol(50)70.94K