MDXG - Long Consolidation and Good EarningsThis has been consolidating since early January, and a good earnings report came out last week. Squeeze momentum indicator is screaming at me to buy, but I'll hold off until (if and when) it hits the $8.74 area of interest.by stevepom1
Is $MDXG ready to move higher from here?Mimedx Group Inc ( NASDAQ:MDXG ) Analysis Sector: Healthcare - Biotechnology | Country: USA Company Overview: Mimedx Group Inc, operating in the dynamic biotechnology sector, holds a prominent position in the healthcare industry. With a focus on innovation and biotechnological advancements, the company plays a crucial role in shaping the future of healthcare solutions, contributing to its prominence in the small-cap segment. Performance Metrics: NASDAQ:MDXG showcases compelling signals and robust performance metrics within the small-cap segment, underscoring its potential for growth and resilience in the biotechnology sector. Relative Strength: Exhibiting a strong relative strength of 6.49 against the sector and 2.48 against the S&P500, NASDAQ:MDXG demonstrates significant outperformance, emphasizing its competitive advantage and market positioning. U/D Ratios: With U/D ratios standing at 1.42 (50 days) and an impressive 4.92 (15 days), NASDAQ:MDXG reflects positive market sentiment, highlighting recent bullish activity and supporting a favorable outlook. Detected Base Depth: A robust detected base depth of 50.88% signifies a substantial foundational level, indicating potential for significant upward movement. Price Dynamics: The last closing price's deviation of -7.09% from base resistance suggests a current undervaluation, positioning NASDAQ:MDXG strategically for potential breakout opportunities. Current volume, standing at 26.95% above the 15-day average, indicates heightened investor interest and active participation, contributing to a positive sentiment among market participants. Recent candlestick patterns reveal a 1.4% range in the last candle body and a solid 64.0% closing range, indicating recent price stability and a robust closing stance. Short-term Trends: Over the last 10 days, NASDAQ:MDXG has experienced a rising price, accompanied by increasing volume and accumulation. This alignment suggests a bullish sentiment among investors, supported by short-term positive trends. EMA Analysis: Historical EMA patterns indicate that NASDAQ:MDXG typically encounters local tops when the price closes around 52.01% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 13.33% away from the 50 EMA, providing insights into potential correction levels. Trade Idea: With an entry point set at $8.09, the trade idea presents an early entry opportunity based on current market dynamics. A disciplined stop loss at $7.77 mitigates risk at 4%, aligning with prudent risk management principles. The trade targets an attractive 9.62 Risk-Reward (RR) ratio, with a target price of $11.2, anticipating a total profit of 38.48%. Conclusion: Mimedx Group Inc ( NASDAQ:MDXG ) emerges as a promising player in the biotechnology sector, backed by impressive relative strength, positive short-term trends, and insightful EMA dynamics. The proposed trade idea aligns with an early entry strategy, presenting an attractive risk-reward profile for investors seeking opportunities in the evolving landscape of biotechnological advancements.Longby HaseebKhan_901
MDXG another potential bullish set up from watchlistBreak out would confirm the momentum. Aggressive traders could enter now with right risk management.Longby Vinodinvest0
MDXG Forecast of 9$ and beyondMDXG This is my first posted idea, please come to your own decision. Longby williamscullen8180
MDXG: Post Wave 5 Correction with Fibo 61.8%Correction likely over with a new target of 1.618 extension of $29Longby Will_Wong332
MDXG Detected possible positive results in drug trial!!!MDXG: mimedx group inc 2018-03-26 09:40:11 Detected possible positive results in drug trialLongby RocketTickers3
MDXG - Time to Short?Price broke out in 2017 and is currently testing its high levels after the rally up! The stock is very volatile and It seems there is some weakness in the momentum it once carried. I'm going ahead to short this; let's see if the volatility plays out in my favor towards the downside. Sorry, I'm just a contrarian. Stop at 17.37 Target at 15.72Shortby themdtraderUpdated 554
MiMedx (MDXG). End of correction. Targets 17.47MDXG Correction could be over and we should wait the breakout of the structure to the upside. Bullish divergence supports the idea. Previous top could be the minimum target at 17.47. Longby aibekUpdated 7
MDXG buy in areaLooks like it's overbought and had a heavy push into a weekly upward TL. Looking for cooling off and consolidation. Buy back in $15-16.by EchoFoxSierra1
#MDXG #stock #long #roundedbottomMDXG formed a rounded bottom. looks good on all indicators, it is with the trend and has a good pattern formation. I like this one a lot. Weekly looks good. MACD and OBV look good. Stock is forming an nice U shaped breakout Monthly MACD looks good, OBV not so much, but the stock continues to make a series of higher highs and higher lows.Longby The_Patterns_Guy111
MDXG swing ideaOne of my favorite breakout signals on 1hr chart. Looking for continued support. See chartby LuchoTrader763
MiMedx Group (MDXG) bottoms at the crucial levelBeing below its below its 5, 20 & 50 day exponential moving averages and located in the middle of the declining channel the share price of MDXG is considered strongly bearish, though we would expect slight buying pressure. It might be attributed to a valid support level which the stock used to touch several times in 2015 and 2016 but failed to violate. Fundamentally analysts estimate an earnings increase this quarter of 40% which should trigger an upward shoot. We would project the price go up to the upper boundary of the channel as our first target. For more ideas visit mercuriusam.wordpress.comLongby AleksandrLombrozo2
all the signs were there...this pattern repeats itself in strong stocks. but it is a tough one to catch. 2 resistances lines turned to support, coinciding with the 40wk moving average. i need to keep a 'pullback' list and watch out for these regularly. great risk reward setup if you can catch them. by Investingsocial0