MIND TECHNOLOGY INC (MIND) Technical Analysis
NASDAQ:MIND • US6025663096
Current stock price
MIND Technical Rating and Analysis
Overall MIND gets a technical rating of 0 out of 10. MIND's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 87% of all other stocks performed better in the past year than MIND.
- MIND is one of the lesser performing stocks in the Energy Equipment & Services industry. 91% of 62 stocks in the same industry do better.
- MIND is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MIND has a been trading in the 5.82 - 9.37 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MIND Weekly and Daily overview Charts
MIND Setup Rating and Analysis
The technical rating of MIND 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
MIND Support and Resistance Analysis
6.23
We found 1 important support area.
- Support @6.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @8.43 from a trend line in the daily time frame.
- Resistance @8.72 from a horizontal line in the daily time frame.
- Resistance @8.91 from a horizontal line in the daily time frame.
MIND 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 MIND is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MIND is down. |
| ChartMill Relative Strength | 13.92 | NEGATIVE | MIND has a low relative strength, it was outperformed by 86.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MIND is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MIND is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MIND is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.65 | NEUTRAL | The RSI value for MIND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests MIND has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.47 | OVERSOLD | The low Stochastics value suggests MIND may be oversold. |
| Average True Range in percent/ATR (20) | 11.29 | HIGH VOLATILITY | The high ATR as a percentage value for MIND suggests high volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for MIND suggests a possible start of a new trend. |
MIND Chart- and CandleStick Pattern Analysis
MIND Technicals: Chart, Performance Metrics, Trend & Indicators
6.3
+0.42 (+7.14%)
MIND TECHNOLOGY INC / MIND TA FAQ
Can you provide the ChartMill technical rating for MIND TECHNOLOGY INC?
ChartMill assigns a technical rating of 0 / 10 to MIND.
What is the current trend direction of MIND TECHNOLOGY INC (MIND) stock?
The current trend direction for MIND TECHNOLOGY INC (MIND) is Bearish.
What is the RSI signal for MIND TECHNOLOGY INC (MIND) stock?
MIND TECHNOLOGY INC (MIND) has an RSI value of 36.6467. This indicates that the stock is currently neutral.
What is the buy/sell signal for MIND stock?
The buy/sell signal for MIND TECHNOLOGY INC (MIND) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for MIND TECHNOLOGY INC?
MIND TECHNOLOGY INC (MIND) has a support level at 6.29 and a resistance level at 8.43. Check the full technical report for our detailed analysis of MIND support and resistance levels.