MEDIFAST INC - Daily - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 98.20 USD
My targets
88.30 USD (-2.51%)
74.36 USD (-17.90%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MEDIFAST INC. As long as you are under the resistance located at 98.20 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 88.30 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 74.36 USD as an objective. Crossing it would then enable sellers to target 63.32 USD. If the resistance 98.20 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MEDIFAST INC rating 90.57 USD. On the day, this instrument gained +0.50% with the lowest point at 90.40 USD and the highest point at 92.11 USD. The deviation from the price is +0.19% for the low point and -1.67% for the high point.90.40
92.11
90.57
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of MEDIFAST INC indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 63.32 | 74.36 | 88.30 | 90.57 | 98.20 | 107.24 | 125.93 |
| Change (%) | -30.09% | -17.90% | -2.51% | - | +8.42% | +18.41% | +39.04% |
| Change | -27.25 | -16.21 | -2.27 | - | +7.63 | +16.67 | +35.36 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.49 | 87.67 | 88.90 | 90.08 | 91.31 | 92.49 | 93.72 |
| Camarilla | 89.46 | 89.68 | 89.90 | 90.12 | 90.34 | 90.56 | 90.78 |
| Woodie | 86.51 | 87.68 | 88.92 | 90.09 | 91.33 | 92.50 | 93.74 |
| Fibonacci | 87.67 | 88.59 | 89.16 | 90.08 | 91.00 | 91.57 | 92.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.23 | 81.59 | 84.79 | 87.15 | 90.35 | 92.71 | 95.91 |
| Camarilla | 86.45 | 86.96 | 87.47 | 87.98 | 88.49 | 89.00 | 89.51 |
| Woodie | 79.64 | 81.80 | 85.20 | 87.36 | 90.76 | 92.92 | 96.32 |
| Fibonacci | 81.59 | 83.72 | 85.03 | 87.15 | 89.28 | 90.59 | 92.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.99 | 42.25 | 65.11 | 89.37 | 112.23 | 136.49 | 159.35 |
| Camarilla | 75.02 | 79.34 | 83.66 | 87.98 | 92.30 | 96.62 | 100.94 |
| Woodie | 17.30 | 41.90 | 64.42 | 89.02 | 111.54 | 136.14 | 158.66 |
| Fibonacci | 42.25 | 60.25 | 71.37 | 89.37 | 107.37 | 118.49 | 136.49 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.27 | |
| MACD (12,26,9): | -2.0200 | |
| Directional Movement: | 2.38 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 85.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.61 | |
| Elder Ray (13): | 3.04 | |
| Super Trend (3,10): | 91.63 | |
| Zig ZAG (10): | 90.57 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 84.62 | |
| TEMA (21): | 86.69 | |
| Williams %R (14): | -15.21 | |
| Chande Momentum Oscillator (20): | 1.91 | |
| Repulse (5,40,3): | 0.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5700 | |
| Courbe Coppock: | 17.16 |
| MA7: | 88.64 | |
| MA20: | 84.15 | |
| MA50: | 96.08 | |
| MA100: | 100.39 | |
| MAexp7: | 88.75 | |
| MAexp20: | 89.10 | |
| MAexp50: | 94.35 | |
| MAexp100: | 101.41 | |
| Price / MA7: | +2.18% | |
| Price / MA20: | +7.63% | |
| Price / MA50: | -5.73% | |
| Price / MA100: | -9.78% | |
| Price / MAexp7: | +2.05% | |
| Price / MAexp20: | +1.65% | |
| Price / MAexp50: | -4.01% | |
| Price / MAexp100: | -10.69% |
News
Don"t forget to follow the news on MEDIFAST INC. At the time of publication of this analysis, the latest news was as follows:
- Medifast, Inc. Announces 51 Percent Increase in Quarterly Dividend
- Medifast Adopts Limited Duration Stockholder Rights Plan
- Medifast, Inc. Announces Third Quarter 2019 Results
- Medifast, Inc. to Announce Financial Results for the Third Quarter Ended September 30, 2019
- Medifast® Names New Human Resources Executive Amid Historic Growth
This member declared not having a position on this financial instrument or a related financial instrument.
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