MADRIGAL PHARMACEUTICALS INC (MDGL) Stock Technical Analysis
NASDAQ:MDGL - Nasdaq - US5588681057 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to MDGL. Both in the recent history as in the last year, MDGL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
MDGL is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 572 stocks in the same industry.
MDGL 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 MDGL is lagging the market slightly.
MDGL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that MDGL is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MDGL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 350.71. Right above this resistance zone may be a good entry point. 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
203.20
358.41
When analyzing the support we can see 6 important areas.
- A support zone ranging from 334.32 to 336.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 319.07 to 322.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @302.39 from a trend line in the daily time frame.
- Support @293.63 from a horizontal line in the weekly time frame.
- Support @244.33 from a trend line in the weekly time frame.
- Support @205.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 350.71 to 354.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.51
Mansfield1.61
10 Day High355
10 Day Low325.37
20 Day High355
20 Day Low300
52 Week High368.29
52 Week Low189
Performance
1 Week-4.4%
2 Weeks1.8%
1 Month-1.15%
3 Month-3.23%
6 Month33.03%
12 Month42.15%
2 Year24.07%
3 Year262.12%
5 Year290.19%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.16
RSI(14)52.41
LBB321.11
UBB353.26
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 |
|---|---|---|---|
| 354.87 | 334.31 | 20.56 (5.79%) | 17.26% |
| An entry @354.87. This is a Buy Stop order right above the resistance zone. | An exit @334.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 20.56 points, which is 5.79%. | For a 1.00% total portfolio risk, you can invest 17.26% of your capital in this trade. |
- 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.
336.23
-14.8 (-4.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.22%
1 Week-4.4%
2 Weeks1.8%
1 Month-1.15%
3 Month-3.23%
6 Month33.03%
12 Month42.15%
2 Year24.07%
3 Year262.12%
5 Year290.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)13.3
ATR(20)%4.29%
ATR Inc21.17%
Range Today18.77
ADR(20)13.66
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.51
Mansfield1.61
10 Day High355
10 Day Low325.37
20 Day High355
20 Day Low300
52 Week High368.29
52 Week Low189
CS1 End336.22
CR1 Start350.71
Volume & EV
DER(3)-0.27%
DER(5)0.01%
Volume257.00K
Volume Incr-22.75%
Vol(5)323.72K
Vol(50)382.68K