MEDX in +1.20% Uptrend, advancing for three consecutive days on January 03, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where MEDX advanced for three days, in of 132 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MEDX's RSI Indicator exited the oversold zone, of 15 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 25 cases where MEDX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MEDX just turned positive on January 03, 2025. Looking at past instances where MEDX's MACD turned positive, the stock continued to rise in of 16 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 08, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MEDX as a result. In of 29 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MEDX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MEDX entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Health
MEDX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, MEDX has been closely correlated with VHT. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if MEDX jumps, then VHT could also see price increases.
| Ticker / NAME | Correlation To MEDX | 1D Price Change % | ||
|---|---|---|---|---|
| MEDX | 100% | +1.65% | ||
| VHT - MEDX | 81% Closely correlated | +1.81% | ||
| IBB - MEDX | 79% Closely correlated | +2.60% | ||
| XLV - MEDX | 77% Closely correlated | +1.66% | ||
| XBI - MEDX | 73% Closely correlated | +2.89% | ||
| IHI - MEDX | 47% Loosely correlated | +2.01% |