TRANSMEDICS GROUP INC (TMDX) Stock Technical Analysis
USA - NASDAQ:TMDX - US89377M1099 - Common Stock
We assign a technical rating of 9 out of 10 to TMDX. In the last year, TMDX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although TMDX has an excellent technical rating, it does not offer a high 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.
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102.57
When analyzing the support we can see 2 important areas.
- Support @111.70 from a trend line in the daily time frame.
- Support @103.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 142.89 to 143.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TMDX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMDX is up. |
| ChartMill Relative Strength | 87.18 | POSITIVE | TMDX has a high relative strength, it outperformed 87.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TMDX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMDX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMDX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.82 | NEUTRAL | The RSI value for TMDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.71 | POSITIVE | The MACD value suggests TMDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.85 | OVERBOUGHT | The high Stochastics value suggests TMDX may be overbought. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for TMDX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.33 | NEUTRAL | The ADX value for TMDX suggests a possible start of a new trend. |
131.54
-4.25 (-3.13%)
TRANSMEDICS GROUP INC / TMDX FAQ
Can you provide the ChartMill technical rating for TRANSMEDICS GROUP INC?
ChartMill assigns a technical rating of 9 / 10 to TMDX.
What is the trend direction for TMDX stock?
The current trend direction for TRANSMEDICS GROUP INC (TMDX) is Bullish.
What is the RSI signal for TRANSMEDICS GROUP INC (TMDX) stock?
TRANSMEDICS GROUP INC (TMDX) has an RSI value of 62.8229. This indicates that the stock is currently neutral.
What is the short term momentum for TMDX stock?
The short term momentum for TRANSMEDICS GROUP INC (TMDX) is positive.
What are the support and resistance levels for TRANSMEDICS GROUP INC (TMDX) stock?
TRANSMEDICS GROUP INC (TMDX) has a support level at 111.7 and a resistance level at 142.89. Check the full technical report for our detailed analysis of TMDX support and resistance levels.