MEI PHARMA INC (MEIP) Stock Technical Analysis
USA - NASDAQ:MEIP - US55279B3015 - Common Stock
3.07 USD
+0.29 (+10.43%)
3.16 USD
+0.09 (+2.93%)
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.
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 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.
When comparing the yearly performance of all stocks, we notice that MEIP is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MEIP is part of the Biotechnology industry. There are 536 other stocks in this industry, MEIP did better than 63% of them.
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
2.55
5.24
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.
When analyzing the resistance we notice 2 important 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. |
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)
3.07
+0.29 (+10.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg10.43%
1 Week-32.23%
2 Weeks-41.86%
1 Month-35.91%
3 Month34.06%
6 Month32.96%
12 Month1.32%
2 Year-56.21%
3 Year-60.29%
5 Year-95.08%
10 Year-90.22%
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%13.49%
ATR Inc-13.43%
Range Today0.4
ADR(20)0.35
ADR(20)%11.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.49
Mansfield-0.42
10 Day High5.5
10 Day Low2.76
20 Day High5.5
20 Day Low2.76
52 Week High9
52 Week Low1.46
CS1 End2.77
CR1 Start4.65
Volume & EV
DER(3)-5.28%
DER(5)-5.2%
Volume4.03M
Volume Incr655.57%
Vol(5)3.50M
Vol(50)1.77M