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Tag: MED

  • Medibloc (MED) – Will it Reach $0.10?

    The native token of Medibloc is MED. Just like many other coins MED also depends on the movement of BTC.

    At the time of writing MED is being traded at the rate of $0.05777 with an increase of almost 5.24% within the last 24 hours.

    The low within this tenure was around $0.0548 and the high was approximately $0.05924. The coin as being in the watchlist of many traders makes it rank all the way up to number 176th according to the latest data released by coin market cap. It is one of the top gainers today.

    MED during the month of July approached its new All-time High around the price of 0.0987. The trading volume today on the other hand has also increased by almost 164%.

    The top exchanges for trading MED are currently Upbit, Bittrex, Gate.io.

    Technical Analysis –  Medibloc (MED)

    On the monthly time frame, we can see that there hasn’t been any movement from the coin and the price is still in consolidation for the past few months. Moving to the lower time frame, we have seen a similar movement from the MED and the price has been ranging in two levels.

    MED - 1D

    As shown in the chart (BLUE AREA), the price is ranging between two extremes. SO we would look into this level alone to find a possible pattern. We can see that during the drop, the price of MED had created a daily order block. Moreover, we can see that there is no reason for the price to dropdown.

    We can expect the price to tap in the daily order block present above as it has remained unmitigated to date. At that point, we can expect a reaction from the price. If the price fails to hold (which is likely) we can see a drop in the price of MED.

    Price Prediction – Medibloc (MED)

    MED has been one of the fast gainers in the market. According to wallet investor, the price of MED is to reach a value of $0.117 in a year. For five year plan, wallet investors think that the price is to reach a value of $0.341. This means that MED is considered a good investment. Traders are quite bullish on the movement and think that soon it would break its old all-time high and create a new one.

  • Early Morning Vibes: Watch These 4 Stocks Today

    During the session on January 22, American stock indexes finished mostly in the red zone. The S&P 500 index dropped 0.30% to 3841 points, the Dow Jones lost 0.57%, and only the NASDAQ was able to add a symbolic 0.09%. The news background remained calm. A slight correction was caused by the fixation of positions after the rally. The real estate sector outperformed the market, climbing 0.3% on the back of an unexpected rise in secondary home sales. In general, macro statistics pleasantly surprised investors: business activity increased significantly in January.

    Company news

    Intel (INTC: -9.3%) posted good quarterly results, but investors were disappointed with forecasts of insufficient pace of outsourcing of part of the production of microchips.

    IBM (IBM: -9.9%) quarterly revenue fell short of consensus expectations.

    Medical device maker Intuitive Surgical (ISRG: -6.8%) notes the continued negative impact of COVID-19 on surgical system sales, so it is holding back from forecasts for the current year for now.

    Today, world stock exchanges are showing mostly positive dynamics. The focus is on negotiations between Democrats and Republicans over a $ 1.9 trillion economic aid package. The last meeting of legislators took place on Sunday, which indicates the desire to make a decision as quickly as possible. The Biden administration is pushing Congress hard as speeding up the vaccination process is heavily dependent on additional funding. Almost all congressmen agree with this, but on many other points of the plan, the contradictions are growing. Investors have already come to a consensus that in the final version the volume of the next anti-crisis package will be significantly less than the declared $ 1.9 trillion. Optimism at the moment is due to the fact

    The season of corporate reporting has a decisive influence on the dynamics of the market. Microsoft, AMD, Apple, Facebook, and several other major corporations will report quarterly results this week.

    Asian stock markets closed in the green. Japan’s Nikkei added 0.67%, Hong Kong’s Hang Seng rose 2.41% and China’s CSI300 climbed 1.01%. The European EuroStoxx 50 is trading near zero.

    The appetite for risk increases. The 10-year Treasury rate is reduced to 1.08%. Brent crude futures are rising to $ 55.75. Gold is consolidating around $ 1,855.

    The Freedom Finance Sentiment Index climbed to 65 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are slowly diminishing thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is showing an upward bias in the medium term. The trading session on January 22 did not change the picture. The relative strength of buyers prevails, but the upper border of the equidistant channel at 3860 points is a serious resistance. In this regard, short-term consolidation is quite possible.

    Today Top Movers

    ‎BlackBerry Ltd (BB) stock ascended 28.21% at $18 in the pre-‎market trading today.‎‎

    ‎Castor Maritime Inc (CTRM) stock moved up 2.47 percent to $0.41 in the pre-market ‎trading following the declaration of $15.3 million debt financing.

    ‎Palantir Technologies Inc (PLTR) is up more than 6.26% at $34.62 in pre-market ‎hours ‎Monday, ‎January 25, 2021, after the firm declared that Lauren Friedman Stat has been appointed to Palantir’s Board of Directors and Audit Committee of the Board.

    ‎Vyne Therapeutics Inc (VYNE) grew over 60.11% at $3.01 in pre-market ‎trading ‎today.‎‎ The company revealed the execution of a contract with a major PBM for its novel AMZEEQ® (minocycline) topical foam, 4%, and ZILXI® (minocycline) topical foam, 1.5%.

    Top Upgrades & Downgrades

    RBC Capital turned bullish on American Eagle Outfitters Inc. (AEO), upgrading the stock to “Outperform” and assigning a $30.0 price target, representing a potential upside of 23.56% from Friday’s close.

    Atlantic Capital Bancshares Inc. (ACBI) has won the favor of Raymond James’s equity research team. The firm upgraded the shares from Market Perform to Outperform.

    Medifast Inc. (MED) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $265.0. They changed their rating on MED to Buy from Hold in a recently issued research note.

    Earlier Monday Goldman Sachs reduced its rating on IMAX Corporation (IMAX) stock to Neutral from Buy and assigned the price target to $17.9.

    Truist Securities analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Magnite Inc. (MGNI) has been changed to Hold from Buy and the new price target is set at $37.

    Analysts at Goldman Sachs downgraded Glu Mobile Inc. (GLUU)’s stock to Neutral from Buy Monday.

    Latest Insider Activity

    3D Systems Corporation (DDD) EVP, Chief Legal Officer & Sec Johnson Andrew Martin announced the sale of shares taking place on Jan 22 at $30.10 for some 4,000 shares. The total came to more than $0.12 million.

    Kopin Corporation (KOPN) Chief Financial Officer SNEIDER RICHARD sold on Jan 22 a total of 364,006 shares at $4.00 on average. The insider’s sale generated proceeds of almost $0.18 million.

    ServiceSource International Inc. (SREV) 10% Owner Edenbrook Capital, LLC declared the purchase of shares taking place on Jan 21 at $1.50 for some 78,880 shares. The transaction amount was around $0.12 million.

    Owens & Minor Inc. (OMI) Director Henkel Robert J bought on Jan 15 a total 21,000 shares at $27.11 on average. The purchase cost the insider an estimated $27,110.

    Important Earnings

    Top US earnings releases scheduled for today include Steel Dynamics Inc. (NASDAQ: STLD). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.83 per share from revenues of $2.53B in the three-month period.

    Analysts expect AGNC Investment Corp. (NASDAQ: AGNC) to report a net income (adjusted) of $0.65 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $362.11M.

    Xilinx Inc. (XLNX), due to announce earnings after the market closes today, is expected to report earnings of $0.68 per share from revenues of $775.66M recently concluded three-month period.