MIND TECHNOLOGY INC (MIND) Stock Technical Analysis
USA - NASDAQ:MIND - US6025663096 - Common Stock
Overall MIND gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MIND is showing a nice and steady performance.
Although MIND has an excellent technical rating, it does not present a decent entry opportunity 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.
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6.58
4 important support areas can be observed.
- A support zone ranging from 11.00 to 11.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.13 from a trend line in the weekly time frame.
- Support @8.96 from a trend line in the daily time frame.
- Support @6.65 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 MIND is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIND is up. |
| ChartMill Relative Strength | 98.05 | POSITIVE | MIND has a high relative strength, it outperformed 98.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIND is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIND is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIND is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.95 | NEUTRAL | The RSI value for MIND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests MIND has a positive trend. |
| Stochastics (14,3) | 84.51 | OVERBOUGHT | The high Stochastics value suggests MIND may be overbought. |
| Average True Range in percent/ATR (20) | 7.66 | HIGH VOLATILITY | The high ATR as a percentage value for MIND suggests high volalility. |
| Average Directional Index/ADX (14) | 35.68 | POSITIVE | The high ADX value value for MIND suggests a strong trend. |
13.2
+0.74 (+5.94%)
MIND TECHNOLOGY INC / MIND FAQ
Can you provide the ChartMill technical rating for MIND TECHNOLOGY INC?
ChartMill assigns a technical rating of 10 / 10 to MIND.
What is the trend direction for MIND stock?
The current trend direction for MIND TECHNOLOGY INC (MIND) is Bullish.
What is the RSI signal for MIND stock?
MIND TECHNOLOGY INC (MIND) has an RSI value of 65.9511. This indicates that the stock is currently neutral.
What is the MACD signal for MIND stock?
The MACD indicator for MIND TECHNOLOGY INC (MIND) has a value of 0.214036, indicating a bearish trend.
What is the support and resistance level for MIND stock?
MIND TECHNOLOGY INC (MIND) has a support level at 11.08. Check the full technical report for our detailed analysis of MIND support and resistance levels.