MEI PHARMA INC (MEIP) Stock Technical Analysis
USA - NASDAQ:MEIP - US55279B3015 - Common Stock
Taking everything into account, MEIP scores 2 out of 10 in our technical rating. 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.
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.
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2.55
2 important support areas can be observed.
- 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.
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. |
3.07
+0.29 (+10.43%)
MEI PHARMA INC / MEIP FAQ
What is the technical rating for MEIP stock?
ChartMill assigns a technical rating of 2 / 10 to MEIP.
What is the current trend direction of MEI PHARMA INC (MEIP) stock?
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 short term momentum for MEI PHARMA INC (MEIP) stock?
The short term momentum for MEI PHARMA INC (MEIP) is negative.
What are the support and resistance levels for MEI PHARMA INC (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.