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Jul 23, 2024

$MDGL, $EW, $SNY, $BSX Propel Cardiovascular Sector with Impressive +7.16% Weekly Performance Surge

The cardiovascular group within the medical device sector has displayed robust performance, witnessing a notable surge of +7.16% over the past week. This upturn has drawn attention to several key tickers driving this momentum: MDGLEWSNYBMYBSXCRMDATXS, and ARDX.

Positive Outlook & Volume Indicator

These stocks currently demonstrate a positive outlook, supported by the Volume Indicator and Tickeron's projections. Tickeron's analysis suggests a potential further increase of over 4.00% within the next month, with a likelihood of 69%. Moreover, the daily ratio of advancing to declining volumes stood at a promising 1.42 to 1 during the last month.

Stochastic Indicator & Positive Trends

The Stochastic indicator showcases a positive trend across 5 stocks within this group, boasting an average likelihood of 75%. This consistent upward trajectory adds weight to the optimistic outlook for these cardiovascular companies.

Market Capitalization Insights

Notably, the average market capitalization within this group stands at a substantial $43.2 billion. SNY holds the highest valuation at $118.8 billion, while ATXS is the lowest valued company at $171 million.

Price Movements

Recent price movements further underline this sector's strength. On average, weekly, monthly, and quarterly price growths for these stocks registered at 7.16%, 21.1%, and 15.58%, respectively. ARDX led the pack with a staggering 50.41% increase, while CRMD experienced a minor setback of -4.24%.

Highlights from Top Performers

  • Edwards Lifesciences (EW) demonstrated a robust +7.6% surge, solidifying its upward trend.
  • Sanofi ADS (SNY) experienced a significant +6.19% increase, also contributing to the group's positive momentum.
  • Boston Scientific (BSX) recorded a commendable +5.5% jump, reinforcing the overall bullish sentiment in the sector.

Volume Analysis

The group exhibited substantial volume growth, with an average weekly increase of 69.1%. Monthly and quarterly volume growths averaged at 49.93% and 195.64%, respectively. Noteworthy spikes in volume were observed for Astria Therapeutics and Ardelyx stocks, leading to record-breaking daily growth percentages.

Individual Stock Insights

  1. MDGL: Recent data indicates a potential shift from an upward trend to a downward one, with the RSI Oscillator moving out of the overbought zone. Tickeron's analysis suggests a 90% likelihood of a downward move in the days ahead.

  2. EW: Despite a recent downtrend, indicators point to a potential reversal as the price broke its lower Bollinger Band. This could signal a move towards the middle band, with a 73% chance of an upward trend.

  3. SNY: The stock has transitioned from a downward to an upward trend by crossing its 50-day Moving Average. Past instances indicate a 62% probability of continued upward movement.

In summary, the cardiovascular group within the medical device sector has experienced a robust surge, backed by positive indicators and strong performances from key players like EWSNY, and BSX. While individual stocks might exhibit varied trends, the overall outlook remains optimistic, suggesting potential further growth in the near term.

Related Ticker: MDGL, EW, SNY, BMY, BSX, CRMD, ATXS, ARDX

MDGL in upward trend: price rose above 50-day moving average on June 26, 2025

MDGL moved above its 50-day moving average on June 26, 2025 date and that indicates a change from a downward trend to an upward trend. In of 49 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MDGL's RSI Indicator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 26, 2025. You may want to consider a long position or call options on MDGL as a result. In of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MDGL just turned positive on June 03, 2025. Looking at past instances where MDGL's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MDGL advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 155 cases where MDGL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The 50-day moving average for MDGL moved below the 200-day moving average on June 23, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MDGL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MDGL broke above its upper Bollinger Band on June 11, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MDGL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.337) is normal, around the industry mean (16.569). P/E Ratio (0.000) is within average values for comparable stocks, (58.307). MDGL's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.261). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (20.534) is also within normal values, averaging (260.843).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Regeneron Pharmaceuticals (NASDAQ:REGN), Incyte Corp (NASDAQ:INCY), Exelixis (NASDAQ:EXEL), Moderna (NASDAQ:MRNA), Arrowhead Pharmaceuticals (NASDAQ:ARWR), BioCryst Pharmaceuticals (NASDAQ:BCRX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Sarepta Therapeutics (NASDAQ:SRPT), Novavax (NASDAQ:NVAX), Nektar Therapeutics (NASDAQ:NKTR).

Industry description

Biotechnology involves genetic or protein engineering to produce medicines/therapies for treating and preventing ailments. The industry also provides crucial ingredients for diagnostics. This multi-billion-dollar industry is heavily focused on research and development, as companies attempt to continually come up with cutting-edge solutions for health. New discoveries for the treatment of diseases provide opportunities for growth for a company in this industry. Discoveries, however, must pass the regulatory approval from the U.S. Food and Drug Administration (FDA) before they can make it to markets. Amgen Inc., Gilead Sciences, Inc. and Celgene Corporation are examples of companies in this industry.

Market Cap

The average market capitalization across the Biotechnology Industry is 2.36B. The market cap for tickers in the group ranges from 31.65 to 310.37B. NONOF holds the highest valuation in this group at 310.37B. The lowest valued company is CYCCP at 31.65.

High and low price notable news

The average weekly price growth across all stocks in the Biotechnology Industry was 7%. For the same Industry, the average monthly price growth was 33%, and the average quarterly price growth was 4%. SONN experienced the highest price growth at 267%, while PTHS experienced the biggest fall at -89%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was -46%. For the same stocks of the Industry, the average monthly volume growth was -13% and the average quarterly volume growth was 53%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 84
Price Growth Rating: 60
SMR Rating: 93
Profit Risk Rating: 95
Seasonality Score: -2 (-100 ... +100)
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MDGL
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a developer of small-molecule drugs addressing major unmet needs in cardiovascular and metabolic diseases

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Pharmaceuticals Other
Address
200 Barr Harbor Drive
Phone
+1 267 824-2827
Employees
276
Web
http://www.madrigalpharma.com
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