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Stock Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

MEDIFAST INC (NYSE:MED)

Strong Downtrend (-100) - MED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MED continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid MED?

MarketClub looks at technical strength and momentum to determine if the timing is right for MED.

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NYSE_MED
Open High Low MED Price Change
24.43 24.43 22.68 22.74 -1.79
Entry Signal

MarketClub’s Trade Triangles for MED

long term down The long-term trend has been DOWN since Sep 22nd, 2023 at 77.67

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 30.95

short term down The short-term trend has been DOWN since May 15th, 2024 at 24.67

Smart Scan Analysis for MED

Based on our trend formula, MED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.43 24.43 22.68 22.74 -1.79
Prev. Close Volume Bid Ask Time
24.53 371081 2024-05-23 15:59:58
Year High260.98Year High Date2018-09-13
Year Low61.96Year Low Date2018-03-01
52wk High109.5252wk High Date2023-07-28
52wk Low23.7852wk Low Date2024-05-20
Year End Close26.39Average Volume538,346
Shares Outstanding10,896Short Interest1,461,718
% Institutional65.6Market Cap1,259M
Assets302,759,000MLiabilities91,798,000M
P/E Ratio3.9564Beta1.13
Volatility105.8
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