CMND Technical Analysis - CLEARMIND MEDICINE INC

Technical Rating and Analysis

Taking everything into account, CMND scores 3 out of 10 in our technical rating. 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.

76% of all other stocks performed better in the past year than CMND.

CMND is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CMND has a been trading in the 0.96 - 1.08 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

CMND has an average volume of 1021540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

CMND is an average performer in the Pharmaceuticals industry, it outperforms 50% of 195 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CLEARMIND MEDICINE INC / CMND Weekly stock chart

CLEARMIND MEDICINE INC / CMND Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, CMND does present a nice setup opportunity. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.94

1.57

We found 2 important support areas.

A support zone ranging from 1.01 to 1.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 1.02 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @1.11 from a horizontal line in the weekly time frame.
Resistance @1.55 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for CMND is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CMND is neutral.
ChartMill Relative Strength	24.21	NEGATIVE	CMND has a low relative strength, it was outperformed by 75.79% 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)	UP	POSITIVE	The current price of CMND is above the rising 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)	50.12	NEUTRAL	The RSI value for CMND is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests CMND has a negative trend.
Stochastics (14,3)	51.05	NEUTRAL	The Stochastics value for CMND is a neutral value.
Average True Range in percent/ATR (20)	4.18	MEDIUM VOLATILITY	The ATR as a percentage value for CMND suggests some volalility.
Average Directional Index/ADX (14)	23.44	NEUTRAL	The ADX value for CMND suggests a possible start of a new trend.