BRIGHT MINDS BIOSCIENCES INC (DRUG) Stock Technical Analysis
NASDAQ:DRUG - Nasdaq - CA10919W4056 - Common Stock - Currency: USD
Overall DRUG gets a technical rating of 2 out of 10. Although DRUG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
Warning: DRUG has an average volume of 25180 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
DRUG is part of the Biotechnology industry. There are 558 other stocks in this industry. DRUG outperforms 99% of them.
Looking at the yearly performance, DRUG did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
DRUG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRUG is lagging the market slightly.
In the last month DRUG has a been trading in the 25.30 - 31.20 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.
DRUG has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
25.69
37.69
We found 1 important support area.
- A support zone ranging from 25.95 to 25.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 27.61 to 28.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.84 to 30.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.32 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 DRUG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRUG is neutral. |
| ChartMill Relative Strength | 99.89 | POSITIVE | DRUG has a high relative strength, it outperformed 99.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRUG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRUG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DRUG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.98 | NEUTRAL | The RSI value for DRUG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests DRUG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.99 | NEUTRAL | The Stochastics value for DRUG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.12 | HIGH VOLATILITY | The high ATR as a percentage value for DRUG suggests high volalility. |
| Average Directional Index/ADX (14) | 10.09 | NEGATIVE | The low ADX value for DRUG suggests a weak or negative 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)
NASDAQ:DRUG (6/23/2025, 8:05:50 PM)
27.09
-0.22 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.81%
1 Week-1.78%
2 Weeks-1.88%
1 Month-10.36%
3 Month-25.78%
6 Month-32.07%
12 Month2397.7%
2 Year850.36%
3 Year577.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%6.12%
ATR Inc89.87%
Range Today2.97
ADR(20)1.64
ADR(20)%6.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.89
Mansfield0.08
10 Day High29.35
10 Day Low26
20 Day High31.2
20 Day Low25.3
52 Week High79.02
52 Week Low0.93
CS1 End25.95
CR1 Start27.61
Volume & EV
DER(3)0.31%
DER(5)-0.27%
Volume32.00K
Volume Incr-38.08%
Vol(5)15.18K
Vol(50)25.18K