MEI PHARMA INC (MEIP) Stock Technical Analysis
NASDAQ:MEIP - US55279B3015 - Common Stock
3.1 USD
-1.13 (-26.71%)
We assign a technical rating of 5 out of 10 to MEIP. In the last year, MEIP was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
MEIP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MEIP has a been trading in the 3.85 - 5.55 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.
MEIP is one of the better performing stocks in the Biotechnology industry, it outperforms 88% of 541 stocks in the same industry.
MEIP has an average volume of 1458170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that MEIP is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
MEIP has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.53
6.78
We found 1 important support area.
- Support @2.56 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.22 to 4.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.83 to 4.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for MEIP is down. |
| ChartMill Relative Strength | 93.82 | POSITIVE | MEIP has a high relative strength, it outperformed 93.82% 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) | 39.56 | NEUTRAL | The RSI value for MEIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MEIP has a negative trend. |
| Stochastics (14,3) | 18.7 | OVERSOLD | The low Stochastics value suggests MEIP may be oversold. |
| Average True Range in percent/ATR (20) | 9.31 | HIGH VOLATILITY | The high ATR as a percentage value for MEIP suggests high volalility. |
| Average Directional Index/ADX (14) | 28.17 | 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 (9/8/2025, 9:55:09 AM)
3.1
-1.13 (-26.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-26.71%
1 Week-18.65%
2 Weeks-8.44%
1 Month-17.06%
3 Month93.97%
6 Month76.25%
12 Month36.45%
2 Year-39.66%
3 Year-45.29%
5 Year-93.22%
10 Year-86.53%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%9.31%
ATR Inc90.89%
Range Today0.3
ADR(20)0.38
ADR(20)%12.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.82
Mansfield3.21
10 Day High5.5
10 Day Low3.85
20 Day High5.55
20 Day Low3.85
52 Week High9
52 Week Low1.46
CS1 End4.22
CR1 Start4.24
Volume & EV
DER(3)-0.59%
DER(5)-1.83%
Volume2.21M
Volume Incr0.32%
Vol(5)499.10K
Vol(50)1.46M