NYSE:MDST - New York Stock Exchange, Inc. - US90386K5891 - ETF - Currency: USD
Taking everything into account, MDST scores 2 out of 10 in our technical rating. MDST has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, MDST 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 27.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.20, a Stop Loss order could be placed below this zone.
24.49
2 important support areas can be observed.
When analyzing the resistance we notice 2 important areas.
26.6988
+0.53 (+2.01%)