TRANSMEDICS GROUP INC (TMDX) Stock Technical Analysis
NASDAQ:TMDX • US89377M1099
We assign a technical rating of 6 out of 10 to TMDX. In the last year, TMDX was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that TMDX is one of the better performing stocks in the market, outperforming 90% of all stocks.
- TMDX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 92% of 185 stocks in the same industry.
- TMDX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TMDX is lagging the market slightly.
- In the last month TMDX has a been trading in the 127.00 - 145.74 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is only medium, TMDX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 138.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 133.88, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
103.78
4 important support areas can be observed.
- A support zone ranging from 131.63 to 133.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 128.44 to 128.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @122.68 from a horizontal line in the weekly time frame.
- Support @104.83 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @138.48 from a trend line in the daily time frame.
- A resistance zone ranging from 140.97 to 142.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @146.32 from a horizontal 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 TMDX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TMDX is neutral. |
| ChartMill Relative Strength | 90.26 | POSITIVE | TMDX has a high relative strength, it outperformed 90.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TMDX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TMDX is above a declining 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) | 50.14 | NEUTRAL | The RSI value for TMDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests TMDX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.83 | NEUTRAL | The Stochastics value for TMDX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for TMDX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.88 | NEGATIVE | The low ADX value for TMDX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 138.49 | 131.62 | 6.87 (4.96%) | 20.16% |
| An entry @138.49. This is a Buy Stop order right above the resistance zone. | An exit @131.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.87 points, which is 4.96%. | For a 1.00% total portfolio risk, you can invest 20.16% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TMDX. 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.
134.25
+1.37 (+1.03%)
TRANSMEDICS GROUP INC / TMDX FAQ
Can you provide the ChartMill technical rating for TRANSMEDICS GROUP INC?
ChartMill assigns a technical rating of 6 / 10 to TMDX.
Can you provide the trend direction for TRANSMEDICS GROUP INC?
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 50.1389. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TRANSMEDICS GROUP INC?
The short term momentum for TRANSMEDICS GROUP INC (TMDX) is neutral.