Medpace Holdings Inc (MEDP): Price Now Near $226.05; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for MEDP

At the moment, MEDP (Get Ratings)’s price is down $-0.96 (-0.42%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as MEDP has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 20 hour changed directions on MEDP; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

MEDP ranks 296th in terms of today’s price percentage change out of Business Services stocks.

MEDP’s Technical Outlook on the Daily Chart

Currently, MEDP’s price is down $-0.96 (-0.42%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows MEDP’s price action over the past 90 days.

MEDP

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MEDP: Daily RSI Analysis

  • For MEDP, its RSI is now at 26.0563.
  • MEDP and RSI may be exhibiting divergent trends. This may be something to monitor.

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