CLEARMIND MEDICINE INC (CMND) Technical Analysis
NASDAQ:CMND • CA1850535016
Current stock price
CMND Technical Rating and Analysis
Taking everything into account, CMND scores 0 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 99% of all other stocks performed better in the past year than CMND.
- CMND is one of the lesser performing stocks in the Pharmaceuticals industry. 85% of 192 stocks in the same industry do better.
- 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month CMND has a been trading in the 0.59 - 1.18 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
1.07
We found 1 important resistance area.
- A resistance zone ranging from 1.09 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 1.82 | NEGATIVE | CMND has a low relative strength, it was outperformed by 98.18% 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) | 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) | 53.28 | NEUTRAL | The RSI value for CMND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CMND has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests CMND may be overbought. |
| Average True Range in percent/ATR (20) | 11.08 | HIGH VOLATILITY | The high ATR as a percentage value for CMND suggests high volalility. |
| Average Directional Index/ADX (14) | 31.95 | 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
1.08
0 (0%)
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.
What is the RSI signal for CMND stock?
CLEARMIND MEDICINE INC (CMND) has an RSI value of 53.2772. This indicates that the stock is currently neutral.
What is the short term momentum for CMND stock?
The short term momentum for CLEARMIND MEDICINE INC (CMND) is negative.
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.