CLEARMIND MEDICINE INC (CMND) Stock Technical Analysis
NASDAQ:CMND - CA1850534027 - Common Stock
1.03 USD
+0.03 (+3%)
1 USD
-0.03 (-2.91%)
We assign a technical rating of 2 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
83% 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.
CMND has an average volume of 1030980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CMND is an average performer in the Pharmaceuticals industry, it outperforms 40% of 193 stocks in the same industry.
In the last month CMND has a been trading in the 0.95 - 1.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CMND has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.02, a Stop Loss order could be placed below this zone.
More info and screens
0.94
1.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.00 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 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.06 from a trend line in the daily time frame.
- Resistance @1.11 from a horizontal line in the weekly time frame.
- Resistance @1.56 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for CMND is neutral. |
| ChartMill Relative Strength | 17.71 | NEGATIVE | CMND has a low relative strength, it was outperformed by 82.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CMND is above 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) | 54.81 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 56.49 | NEUTRAL | The Stochastics value for CMND is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for CMND suggests high volalility. |
| Average Directional Index/ADX (14) | 24.64 | NEUTRAL | The ADX value for CMND suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.03
+0.03 (+3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3%
1 Week0%
2 Weeks4.36%
1 Month0%
3 Month6.74%
6 Month-20.15%
12 Month-21.37%
2 Year-91.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%5.03%
ATR Inc-13.65%
Range Today0.06
ADR(20)0.05
ADR(20)%4.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.71
Mansfield-2.18
10 Day High1.05
10 Day Low0.96
20 Day High1.05
20 Day Low0.95
52 Week High2.18
52 Week Low0.8
CS1 End1.02
CR1 Start1.06
Volume & EV
DER(3)-5.4%
DER(5)-5.78%
Volume55.20K
Volume Incr-85.72%
Vol(5)44.18K
Vol(50)1.03M