MEREDITH CORP (MDP) Stock Technical Analysis
NYSE:MDP - New York Stock Exchange, Inc. - Common Stock
We assign a technical rating of 10 out of 10 to MDP. Both in the recent history as in the last year, MDP 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.
Looking at the yearly performance, MDP did better than 98% of all other stocks. On top of that, MDP also shows a nice and consistent pattern of rising prices.
MDP is part of the Media industry. There are 93 other stocks in this industry. MDP outperforms 100% of them.
A new 52 week high is currently being made by MDP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
MDP has an average volume of 1088400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MDP has a been trading in a tight range between 57.98 and 59.16.
Besides having an excellent technical rating, MDP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 59.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.91, 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
39.91
59.67
We found 4 important support areas.
- A support zone ranging from 57.36 to 58.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.27 from a trend line in the weekly time frame.
- Support @46.98 from a trend line in the daily time frame.
- Support @40.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.08 to 59.08. 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
CRS98.45
Mansfield4.56
10 Day High59.16
10 Day Low58.62
20 Day High59.16
20 Day Low57.98
52 Week High59.16
52 Week Low18
Performance
1 Week0.46%
2 Weeks0.8%
1 Month1.34%
3 Month41.79%
6 Month50%
12 Month188.85%
2 YearN/A
3 YearN/A
5 YearN/A
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)-0.15
RSI(14)73.92
LBB58.32
UBB59.27
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 |
|---|---|---|---|
| 59.09 | 58.61 | 0.48 (0.81%) | 25.00% |
| An entry @59.09. This is a Buy Stop order right above the resistance zone. | An exit @58.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.48 points, which is 0.81%. | For a 0.20% total portfolio risk, you can invest 25.00% 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.
59.07
+0.07 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.12%
1 Week0.46%
2 Weeks0.8%
1 Month1.34%
3 Month41.79%
6 Month50%
12 Month188.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.42%
ATR Inc-43.3%
Range Today0.14
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.45
Mansfield4.56
10 Day High59.16
10 Day Low58.62
20 Day High59.16
20 Day Low57.98
52 Week High59.16
52 Week Low18
CS1 End58.91
CR1 Start59.08
Volume & EV
DER(3)1.07%
DER(5)1.09%
Volume3.36M
Volume Incr90.26%
Vol(5)1.28M
Vol(50)1.09M