MEI PHARMA INC (MEIP) Technical Analysis
NASDAQ:MEIP • US55279B3015
Current stock price
MEIP Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to MEIP. MEIP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- MEIP 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 MEIP is lagging the market.
- In the last month MEIP has a been trading in the 2.76 - 5.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MEIP has an average volume of 1770890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, MEIP did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- MEIP is part of the Biotechnology industry. There are 518 other stocks in this industry, MEIP did better than 58% of them.
MEIP Weekly and Daily overview Charts
MEIP Setup Rating and Analysis
The technical rating of MEIP is bad and it also does not present a 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
MEIP Support and Resistance Analysis
2.55
When analyzing the support we can see 2 important areas.
- Support @2.77 from a horizontal line in the daily time frame.
- Support @2.58 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @4.65 from a trend line in the daily time frame.
- Resistance @5.19 from a horizontal line in the daily time frame.
MEIP 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 | NEUTRAL | NEUTRAL | The long term trend for MEIP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEIP is down. |
| ChartMill Relative Strength | 75.49 | POSITIVE | MEIP has a high relative strength, it outperformed 75.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEIP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MEIP is below 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) | 30.71 | NEUTRAL | The RSI value for MEIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests MEIP has a negative trend. |
| Stochastics (14,3) | 5.05 | OVERSOLD | The low Stochastics value suggests MEIP may be oversold. |
| Average True Range in percent/ATR (20) | 13.49 | HIGH VOLATILITY | The high ATR as a percentage value for MEIP suggests high volalility. |
| Average Directional Index/ADX (14) | 30.73 | POSITIVE | The high ADX value value for MEIP suggests a strong trend. |
MEIP Chart- and CandleStick Pattern Analysis
MEIP Technicals: Chart, Performance Metrics, Trend & Indicators
3.07
+0.29 (+10.43%)
MEI PHARMA INC / MEIP TA FAQ
What is the technical rating for MEIP stock?
ChartMill assigns a technical rating of 2 / 10 to MEIP.
Can you provide the trend direction for MEI PHARMA INC?
The current trend direction for MEI PHARMA INC (MEIP) is Bearish.
What is the RSI signal for MEIP stock?
MEI PHARMA INC (MEIP) has an RSI value of 30.7095. This indicates that the stock is currently neutral.
What is the support and resistance level for MEIP stock?
MEI PHARMA INC (MEIP) has a support level at 2.77 and a resistance level at 4.65. Check the full technical report for our detailed analysis of MEIP support and resistance levels.