TRXADE HEALTH INC (MEDS) Technical Analysis
NASDAQ:MEDS • US89846A4058
Current stock price
MEDS Technical Rating and Analysis
Taking everything into account, MEDS scores 0 out of 10 in our technical rating. 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 35 other stocks in this industry. MEDS outperforms 76% 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 Weekly and Daily overview Charts
MEDS Setup Rating and Analysis
Although the technical rating is bad, MEDS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
MEDS Support and Resistance Analysis
4.06
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.
MEDS Technical Indicator Signal Analysis
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. |
MEDS Chart- and CandleStick Pattern Analysis
MEDS Technicals: Chart, Performance Metrics, Trend & Indicators
7.59
+0.35 (+4.83%)
TRXADE HEALTH INC / MEDS TA FAQ
Can you provide the ChartMill technical rating for TRXADE HEALTH INC?
ChartMill assigns a technical rating of 0 / 10 to MEDS.
What is the trend direction for MEDS stock?
The current trend direction for TRXADE HEALTH INC (MEDS) is Bearish.
What is the RSI signal for TRXADE HEALTH INC (MEDS) stock?
TRXADE HEALTH INC (MEDS) has an RSI value of 49.1068. This indicates that the stock is currently neutral.
What is the buy/sell signal for TRXADE HEALTH INC (MEDS) stock?
The buy/sell signal for TRXADE HEALTH INC (MEDS) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for TRXADE HEALTH INC?
TRXADE HEALTH INC (MEDS) has a support level at 6.59 and a resistance level at 9.96. Check the full technical report for our detailed analysis of MEDS support and resistance levels.