MDXG NEWS why is Mimedx Group, Inc price falling or rising

MDXG NEWS reasons for why stock price of Mimedx Group, Inc is falling or rising

MDXG Mimedx Group is falling or rising technical reasons

Technical analysis forecast for Mimedx Group Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mimedx Group MDXG at this time. Stock is falling and might fall more.

It appears as if Mimedx Group MDXG gave a large move recently.

Stock of Mimedx Group (MDXG) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mimedx Group is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mimedx Group stays below 6.3, but if it comes above 6.3, then a intra day buy could be more profitable.
If you take a sell trade below 6.3, then use 6.3 as stoploss and 5.9 as target. However if you take a buy trade in Mimedx Group, then use 6.3 as stoploss and 6.65 as target.

MDXG Mimedx Group is falling or rising NEWS fundamental reasons

More announcements and NEWS

MDXG Mimedx Group, Inc current price & indicator signals

Moving Averages for Mimedx Group, Inc

  • 5Day Average: 6.36
  • 12Day Average: 6.35
  • 20Day Average: 6.6
  • 50Day Average: 7.48
  • 100Day Average: 7.86
  • 150Day Average: 7.54
  • 200Day Average: 7.56

MDXG Indicators & signals

Indicator MACD (12,26,9)

6.45, 6.8, -0.37
Indicator MACD is in negative zone

Indicator ADX (14)

26.32, 25, 42.86
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MDXG Mimedx Group, Inc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 6.27 6.18 to 6.32 0.32% 0.84 times
25 Thu Apr 2024 6.25 5.65 to 6.30 -2.8% 2.2 times
24 Wed Apr 2024 6.43 6.37 to 6.51 -1.23% 0.9 times
23 Tue Apr 2024 6.51 6.29 to 6.58 2.36% 1.04 times
22 Mon Apr 2024 6.36 6.25 to 6.40 1.11% 0.86 times
19 Fri Apr 2024 6.29 6.10 to 6.30 2.11% 0.96 times
18 Thu Apr 2024 6.16 6.16 to 6.39 -2.69% 0.75 times
17 Wed Apr 2024 6.33 6.20 to 6.41 1.61% 1.21 times
16 Tue Apr 2024 6.23 6.19 to 6.35 -1.89% 0.68 times
15 Mon Apr 2024 6.35 6.34 to 6.47 -1.4% 0.7 times
12 Fri Apr 2024 6.44 6.39 to 6.62 -2.57% 0.71 times
11 Thu Apr 2024 6.61 6.47 to 6.64 0.92% 1.23 times

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