CLEARMIND MEDICINE INC (CMND) Technical Analysis
NASDAQ:CMND • CA1850535016
Current stock price
CMND Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CMND. CMND scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CMND is a bad performer in the overall market: 100% of all stocks are doing better.
- CMND is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 86% are performing better than CMND.
- CMND is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CMND is lagging the market.
- In the last month CMND has a been trading in the 0.59 - 1.27 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
CMND Weekly and Daily overview Charts
CMND Setup Rating and Analysis
The technical rating of CMND is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CMND Support and Resistance Analysis
0.65
When analyzing the resistance we notice one important area.
- Resistance @1.24 from a horizontal line in the daily time frame.
CMND Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CMND is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMND is down. |
| ChartMill Relative Strength | 0.65 | NEGATIVE | CMND has a low relative strength, it was outperformed by 99.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMND is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CMND is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMND is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.21 | OVERSOLD | The low RSI value suggests CMND may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CMND has a positive trend. |
| Stochastics (14,3) | 10.22 | OVERSOLD | The low Stochastics value suggests CMND may be oversold. |
| Average True Range in percent/ATR (20) | 18.24 | HIGH VOLATILITY | The high ATR as a percentage value for CMND suggests high volalility. |
| Average Directional Index/ADX (14) | 42.42 | POSITIVE | The high ADX value value for CMND suggests a strong trend. |
CMND Chart- and CandleStick Pattern Analysis
CMND Technicals: Chart, Performance Metrics, Trend & Indicators
0.66
+0 (+0.73%)
CLEARMIND MEDICINE INC / CMND TA FAQ
What is the technical rating for CMND stock?
ChartMill assigns a technical rating of 0 / 10 to CMND.
What is the trend direction for CMND stock?
The current trend direction for CLEARMIND MEDICINE INC (CMND) is Bearish.
Can you provide the RSI signal for CLEARMIND MEDICINE INC?
CLEARMIND MEDICINE INC (CMND) has an RSI value of 21.2062. This indicates that the stock is currently oversold.
What is the buy/sell signal for CLEARMIND MEDICINE INC (CMND) stock?
The buy/sell signal for CLEARMIND MEDICINE INC (CMND) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CMND stock?
CLEARMIND MEDICINE INC (CMND) has a resistance level at 1.24. Check the full technical report for our detailed analysis of CMND support and resistance levels.