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May 06, 2023

MDGL Target Price: 88% Confidence

MDGL has been forming a bullish Head-and-Shoulders Bottom pattern since February 28, 2023. This pattern is a reliable bullish indicator and occurs when a stock's price falls to a low, bounces back up, forms a lower low, bounces back up again to form a higher low, and then breaks above the resistance level formed by the neckline of the pattern. This pattern signals that the stock is likely to experience a bullish move in the near future.

The Head-and-Shoulders Bottom pattern for MDGL was confirmed on April 24, 2023, when the stock broke above the neckline of the pattern. This confirmed the bullish signal and suggested that the stock could be headed higher in the coming weeks.

Currently, there is a high confidence level of 88% that MDGL will reach the target price of 358.47 USD. The distance to the target price is 17%, which means that there is still some room for the stock to move higher. The breakout (entry) price is 306.92 USD, which can be used as a reference point for traders to enter the stock.

Adding to the bullish sentiment is the recent trigger of the Aroon Indicator. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. This is a sign that the stock is setting up for a bullish move. In fact, A.I.dvisor looked at 147 similar instances where the Aroon Indicator showed a similar pattern, and in 127 of those cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 86%.

In conclusion, MDGL's Head-and-Shoulders Bottom pattern and the recent trigger of the Aroon Indicator suggest that the stock is likely to experience a bullish move in the coming weeks. With a high confidence level of 88% and the distance to the target price at 17%, there is still room for the stock to move higher. Traders may want to consider buying the stock or look to buy call options to take advantage of the potential upside.

Related Ticker: MDGL

MDGL's Stochastic Oscillator is staying in overbought zone for 8 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for MDGL moved out of overbought territory on June 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator moved out of overbought territory. In of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MDGL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MDGL broke above its upper Bollinger Band on June 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 06, 2024. You may want to consider a long position or call options on MDGL as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

MDGL moved above its 50-day moving average on May 31, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MDGL crossed bullishly above the 50-day moving average on May 31, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 24 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where MDGL advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 181 cases where MDGL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MDGL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.954) is normal, around the industry mean (12.362). P/E Ratio (0.000) is within average values for comparable stocks, (146.046). MDGL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.468). Dividend Yield (0.000) settles around the average of (0.066) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (216.716).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Regeneron Pharmaceuticals (NASDAQ:REGN), Moderna (NASDAQ:MRNA), Incyte Corp (NASDAQ:INCY), Sarepta Therapeutics (NASDAQ:SRPT), Exelixis (NASDAQ:EXEL), Arrowhead Pharmaceuticals (NASDAQ:ARWR), Novavax (NASDAQ:NVAX), BioCryst Pharmaceuticals (NASDAQ:BCRX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Inovio Pharmaceuticals (NASDAQ:INO).

Industry description

Biotechnology involves genetic or protein engineering to produce medicines/therapies for treating and preventing ailments. The industry also provides crucial ingredients for diagnostics. This multi-billion-dollar industry is heavily focused on research and development, as companies attempt to continually come up with cutting-edge solutions for health. New discoveries for the treatment of diseases provide opportunities for growth for a company in this industry. Discoveries, however, must pass the regulatory approval from the U.S. Food and Drug Administration (FDA) before they can make it to markets. Amgen Inc., Gilead Sciences, Inc. and Celgene Corporation are examples of companies in this industry.

Market Cap

The average market capitalization across the Biotechnology Industry is 2.9B. The market cap for tickers in the group ranges from 151 to 639.86B. NONOF holds the highest valuation in this group at 639.86B. The lowest valued company is MYMX at 151.

High and low price notable news

The average weekly price growth across all stocks in the Biotechnology Industry was -1%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was 59%. LGVN experienced the highest price growth at 207%, while MMIRF experienced the biggest fall at -74%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was 23%. For the same stocks of the Industry, the average monthly volume growth was 23% and the average quarterly volume growth was -41%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 86
Price Growth Rating: 59
SMR Rating: 94
Profit Risk Rating: 93
Seasonality Score: 4 (-100 ... +100)
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MDGLDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a developer of small-molecule drugs addressing major unmet needs in cardiovascular and metabolic diseases

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Pharmaceuticals Other
Address
200 Barr Harbor Drive
Phone
+1 267 824-2827
Employees
276
Web
http://www.madrigalpharma.com
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