MODIVCARE INC (MODV) Stock Technical Analysis
NASDAQ:MODV - Nasdaq - US60783X1046 - Common Stock - Currency: USD
Overall MODV gets a technical rating of 6 out of 10. Although MODV has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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.
MODV is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. MODV outperforms 85% of them.
MODV has an average volume of 5970650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Looking at the yearly performance, MODV did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month MODV has a been trading in the 1.65 - 4.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MODV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.08
5.68
When analyzing the support we notice one important area.
- A support zone ranging from 3.11 to 3.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @3.53 from a horizontal line in the daily time frame.
- Resistance @3.74 from a trend line in the daily time frame.
- Resistance @5.62 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 | DOWN | NEGATIVE | The long term trend for MODV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MODV is up. |
| ChartMill Relative Strength | 91 | POSITIVE | MODV has a high relative strength, it outperformed 91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MODV is below the rising 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) | 54.72 | NEUTRAL | The RSI value for MODV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MODV has a negative trend. |
| Stochastics (14,3) | 26.04 | NEUTRAL | The Stochastics value for MODV is a neutral value. |
| Average True Range in percent/ATR (20) | 21.52 | HIGH VOLATILITY | The high ATR as a percentage value for MODV suggests high volalility. |
| Average Directional Index/ADX (14) | 48.19 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.54 | 3.32 | 0.22 (6.21%) | 16.09% |
| An entry @3.54. This is a Buy Stop order right above the resistance zone. | An exit @3.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 6.21%. | When investing 16.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MODV. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.14
+0.02 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.64%
1 Week-2.18%
2 Weeks-4.27%
1 Month42.73%
3 Month179.11%
6 Month-73.09%
12 Month-87.66%
2 Year-92.82%
3 Year-96.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%21.52%
ATR Inc-39.79%
Range Today0.14
ADR(20)0.66
ADR(20)%20.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91
Mansfield-7.34
10 Day High3.97
10 Day Low3.01
20 Day High4.65
20 Day Low1.65
52 Week High32.82
52 Week Low0.87
CS1 End3.35
CR1 Start3.53
Volume & EV
DER(3)-6.6%
DER(5)-0.67%
Volume439.20K
Volume Incr-89.49%
Vol(5)1.46M
Vol(50)5.97M