CLEARMIND MEDICINE INC (CMND) Stock Technical Analysis
NASDAQ:CMND - Nasdaq - CA1850534027 - Common Stock - Currency: USD
Overall CMND gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CMND was also a bad performer in the overall market in the last year.
89% of all other stocks performed better in the past year than CMND.
CMND is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, of which 64% are performing better 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 1052340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CMND has a been trading in the 0.85 - 1.31 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 an average technical rating and it also does not offer a high 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
0.86
1.59
2 important support areas can be observed.
- A support zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @1.03 from a trend line in the weekly time frame.
- Resistance @1.11 from a horizontal line in the weekly time frame.
- Resistance @1.14 from a trend line in the daily time frame.
- Resistance @1.16 from a horizontal line in the daily time frame.
- Resistance @1.57 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 | UP | POSITIVE | The short term trend for CMND is up. |
| ChartMill Relative Strength | 11.73 | NEGATIVE | CMND has a low relative strength, it was outperformed by 88.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMND is above the rising 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) | 52.06 | NEUTRAL | The RSI value for CMND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CMND has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.7 | NEUTRAL | The Stochastics value for CMND is a neutral value. |
| Average True Range in percent/ATR (20) | 9.38 | HIGH VOLATILITY | The high ATR as a percentage value for CMND suggests high volalility. |
| Average Directional Index/ADX (14) | 37.4 | POSITIVE | The high ADX value value for CMND suggests a strong 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)
1.02
-0.01 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.97%
1 Week-12.07%
2 Weeks3.16%
1 Month14.74%
3 Month1.07%
6 Month-26.09%
12 Month-31.08%
2 Year-92.27%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%9.38%
ATR Inc-48.84%
Range Today0.03
ADR(20)0.09
ADR(20)%8.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.73
Mansfield-2.3
10 Day High1.25
10 Day Low0.96
20 Day High1.31
20 Day Low0.85
52 Week High2.18
52 Week Low0.8
CS1 End1.01
CR1 Start1.03
Volume & EV
DER(3)2.77%
DER(5)-0.76%
Volume107.00K
Volume Incr-88.17%
Vol(5)286.02K
Vol(50)1.05M