Technical Analysis for MED - MEDIFAST INC

Grade Last Price % Change Price Change
B 243.16 1.42% 3.40
MED closed up 1.42 percent on Friday, March 5, 2021, on 1.13 times normal volume. It was able to find support at its 50 day moving average. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down
Historical MED trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Multiple of Ten Bearish Other 1.42%
Below Lower BB Weakness 1.42%
Down 3 Days in a Row Weakness 1.42%
Lower Bollinger Band Touch Weakness 1.42%
Fell Below 20 DMA Bearish -4.43%
Older End-of-Day Signals for MED ...

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Profile

MEDIFAST INC Description

Medifast, Inc., through its subsidiaries, engages in the production, distribution, and sale of weight loss and weight management products, and other consumable health and diet products. The company operates through two segments, Medifast, and Medifast Weight Control Centers and Wholesale. Its product lines include weight loss and management, meal replacement, and vitamins. The company offers crunch bars, shakes, hot drinks, cold drinks, bites, pretzels, puffs, brownies, soft bakes, cereal crunches, eggs, macaroni and cheese, oatmeal, pancakes, syrups, puddings, soft serves, soups, chili, soy crisps, crackers, and digestive health products under Medifast and Essential 1 brands, as well as for private label customers. It also operates and franchises Medifast weight control centers that offer programs for weight loss and maintenance, customized patient counseling, Inbody composition analysis, and monitoring with a BodyGem resting metabolic rate measurement device. As of December 31, 2012, Medifast, Inc. operated weight control centers in 87 locations in Pennsylvania, New Jersey, Delaware, Texas, Florida, Maryland, North Carolina, and Virginia; and 35 franchise centers. The company sells its products through various channels of distribution comprising the Internet, call center, independent health advisors, medical professionals, weight loss clinics, and direct consumer marketing. Medifast, Inc. was founded in 1980 and is headquartered in Owings Mills, Maryland.


Classification

Sector: Consumer Cyclical
Industry: Specialty Retail
Keywords: Clinics Drink Drinks Health Products Vitamin Soup Obesity Nutrition Cheese Vitamins Syrup Eggs Control Center Cracker Cakes Weight Loss Pancake Weight Management Meal Replacement Weight Management Products Macaroni And Cheese

Is MED a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 279.4597
52 Week Low 49.03
Average Volume 115,460
200-Day Moving Average 177.26
50-Day Moving Average 234.46
20-Day Moving Average 261.02
10-Day Moving Average 254.95
Average True Range 12.90
ADX 26.13
+DI 18.95
-DI 38.30
Chandelier Exit (Long, 3 ATRs ) 240.77
Chandelier Exit (Short, 3 ATRs ) 266.27
Upper Bollinger Band 280.69
Lower Bollinger Band 241.35
Percent B (%b) 0.05
BandWidth 15.07
MACD Line 3.40
MACD Signal Line 7.74
MACD Histogram -4.3415
Fundamentals Value
Market Cap 2.86 Billion
Num Shares 11.8 Million
EPS 7.98
Price-to-Earnings (P/E) Ratio 30.48
Price-to-Sales 2.92
Price-to-Book 17.39
PEG Ratio 1.95
Dividend 4.52
Dividend Yield 1.86%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 266.65
Resistance 3 (R3) 264.07 253.65 262.74
Resistance 2 (R2) 253.65 247.67 254.95 261.43
Resistance 1 (R1) 248.41 243.98 251.03 250.99 260.12
Pivot Point 237.99 237.99 239.31 239.29 237.99
Support 1 (S1) 232.75 232.01 235.37 235.33 226.20
Support 2 (S2) 222.33 228.32 223.63 224.89
Support 3 (S3) 217.09 222.33 223.59
Support 4 (S4) 219.67