MEI PHARMA INC (MEIP) Stock Technical Analysis
NASDAQ:MEIP - Nasdaq - US55279B3015 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to MEIP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MEIP is showing a nice and steady performance.
Warning: MEIP has an average volume of 15918 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
MEIP is one of the better performing stocks in the Biotechnology industry, it outperforms 76% of 558 stocks in the same industry.
In the last month MEIP has a been trading in the 2.20 - 3.15 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that MEIP is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MEIP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MEIP is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MEIP has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.27
3.07
When analyzing the support we notice one important area.
- A support zone ranging from 2.29 to 2.30. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for MEIP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEIP is up. |
| ChartMill Relative Strength | 83.02 | POSITIVE | MEIP has a high relative strength, it outperformed 83.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEIP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEIP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEIP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.09 | NEUTRAL | The RSI value for MEIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MEIP has a positive trend. |
| Stochastics (14,3) | 60.35 | NEUTRAL | The Stochastics value for MEIP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for MEIP suggests high volalility. |
| Average Directional Index/ADX (14) | 57.68 | POSITIVE | The high ADX value value for MEIP 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)
NASDAQ:MEIP (7/15/2025, 11:47:59 AM)
3.0416
+0.1 (+3.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.46%
1 Week12.21%
2 Weeks5%
1 Month30.09%
3 Month49.56%
6 Month2.51%
12 Month2.8%
2 Year-58.42%
3 Year-69.63%
5 Year-94.7%
10 Year-90.58%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%7.13%
ATR Inc-20.58%
Range Today0.3
ADR(20)0.21
ADR(20)%6.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.02
Mansfield0.26
10 Day High3.15
10 Day Low2.32
20 Day High3.15
20 Day Low2.2
52 Week High4.1
52 Week Low1.46
CS1 End2.3
CR1 StartN/A
Volume & EV
DER(3)12.57%
DER(5)6.71%
Volume112.78K
Volume Incr24.41%
Vol(5)31.04K
Vol(50)15.92K