MODIVCARE INC (MODV) Stock Technical Analysis
NASDAQ:MODV - Nasdaq - US60783X1046 - Common Stock - Currency: USD
Taking everything into account, MODV scores 3 out of 10 in our technical rating. MODV 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
MODV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MODV has a been trading in the 2.87 - 4.20 range, which is quite wide. It is currently trading near the lows of this range.
MODV is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. MODV outperforms 76% of them.
MODV has an average volume of 5968030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, MODV outperforms 60% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MODV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.86
4.20
2 important support areas can be observed.
- Support @2.99 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.89 to 2.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.24 to 3.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.34 from a trend line in the daily time frame.
- Resistance @3.78 from a trend line in the weekly time frame.
- Resistance @3.92 from a trend line in the daily time frame.
- Resistance @4.16 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 | DOWN | NEGATIVE | The long term trend for MODV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MODV is neutral. |
| ChartMill Relative Strength | 60.48 | NEUTRAL | MODV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MODV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MODV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MODV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.87 | NEUTRAL | The RSI value for MODV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MODV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.81 | OVERSOLD | The low Stochastics value suggests MODV may be oversold. |
| Average True Range in percent/ATR (20) | 11.06 | HIGH VOLATILITY | The high ATR as a percentage value for MODV suggests high volalility. |
| Average Directional Index/ADX (14) | 30.86 | POSITIVE | The high ADX value value for MODV 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)
3.04
-0.01 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.33%
1 Week1.33%
2 Weeks-5.3%
1 Month-13.64%
3 Month106.8%
6 Month-41.82%
12 Month-87.27%
2 Year-93.05%
3 Year-96.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%11.06%
ATR Inc-44.73%
Range Today0.16
ADR(20)0.33
ADR(20)%10.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.48
Mansfield-7.17
10 Day High3.43
10 Day Low2.87
20 Day High4.2
20 Day Low2.87
52 Week High32.82
52 Week Low0.87
CS1 End2.99
CR1 Start3.24
Volume & EV
DER(3)-6.35%
DER(5)-2.54%
Volume129.20K
Volume Incr-54.32%
Vol(5)386.20K
Vol(50)5.97M