BRIGHT MINDS BIOSCIENCES INC (DRUG) Stock Technical Analysis
NASDAQ:DRUG - Nasdaq - CA10919W4056 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to DRUG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DRUG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
DRUG is part of the Biotechnology industry. There are 549 other stocks in this industry. DRUG outperforms 100% of them.
In the last month DRUG has a been trading in the 29.28 - 46.13 range, which is quite wide. It is currently trading near the high of this range.
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 10 months ago.
DRUG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRUG is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DRUG has an excellent technical rating, it 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
27.79
43.42
We found 1 important support area.
- Support @28.07 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 | UP | POSITIVE | The long term trend for DRUG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRUG is up. |
| ChartMill Relative Strength | 99.95 | POSITIVE | DRUG has a high relative strength, it outperformed 99.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRUG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRUG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DRUG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.25 | NEUTRAL | The RSI value for DRUG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests DRUG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.1 | OVERBOUGHT | The high Stochastics value suggests DRUG may be overbought. |
| Average True Range in percent/ATR (20) | 8.09 | HIGH VOLATILITY | The high ATR as a percentage value for DRUG suggests high volalility. |
| Average Directional Index/ADX (14) | 53.43 | POSITIVE | The high ADX value value for DRUG 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)
NASDAQ:DRUG (8/21/2025, 3:37:12 PM)
42.99
-0.03 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.07%
1 Week6.1%
2 Weeks20.88%
1 Month43.98%
3 Month48.29%
6 Month19.53%
12 Month4159.41%
2 Year1900.93%
3 Year348.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.51
ATR(20)%8.09%
ATR Inc-3.73%
Range Today1.55
ADR(20)3.48
ADR(20)%8.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.95
Mansfield2.81
10 Day High46.13
10 Day Low34.19
20 Day High46.13
20 Day Low29.28
52 Week High79.02
52 Week Low0.94
CS1 End28.07
CR1 StartN/A
Volume & EV
DER(3)1.64%
DER(5)0.38%
Volume11.91K
Volume Incr0.67%
Vol(5)53.06K
Vol(50)52.41K