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.
In the last month MEIP has a been trading in the 3.10 - 9.00 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are positive. This is a very positive sign.
MEIP is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 550 stocks in the same industry.
MEIP has an average volume of 1303460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MEIP is one of the better performing stocks in the market, outperforming 96% 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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, MEIP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.78, a Stop Loss order could be placed below this zone.
More info and screens
2.42
6.78
We found 2 important support areas.
- A support zone ranging from 4.78 to 4.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.44 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.20 to 5.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.71 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 | 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 | 96.32 | POSITIVE | MEIP has a high relative strength, it outperformed 96.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MEIP is below 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) | 51.91 | NEUTRAL | The RSI value for MEIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests MEIP has a negative trend. |
| Stochastics (14,3) | 11.06 | OVERSOLD | The low Stochastics value suggests MEIP may be oversold. |
| Average True Range in percent/ATR (20) | 19.4 | HIGH VOLATILITY | The high ATR as a percentage value for MEIP suggests high volalility. |
| Average Directional Index/ADX (14) | 51.31 | 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)
4.79
-0.04 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.83%
1 Week-5.15%
2 Weeks-5.15%
1 Month56.03%
3 Month130.29%
6 Month78.07%
12 Month51.1%
2 Year-9.96%
3 Year-52.72%
5 Year-91.19%
10 Year-86.84%
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%19.4%
ATR Inc-12.06%
Range Today0.38
ADR(20)0.87
ADR(20)%18.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.32
Mansfield5.36
10 Day High5.55
10 Day Low4.62
20 Day High9
20 Day Low3.1
52 Week High9
52 Week Low1.46
CS1 End4.78
CR1 Start5.2
Volume & EV
DER(3)-3.85%
DER(5)-2.23%
Volume779.75K
Volume Incr-80.9%
Vol(5)589.21K
Vol(50)1.30M