MIND TECHNOLOGY INC (MIND) Stock Technical Analysis
NASDAQ:MIND • US6025663096
Overall MIND gets a technical rating of 0 out of 10. MIND scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 81% of all other stocks performed better in the past year than MIND.
- MIND is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, of which 88% are performing better than MIND.
- In the last month MIND has a been trading in the 7.41 - 9.34 range, which is quite wide. It is currently trading near the lows of this range.
- MIND is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MIND is lagging the market.
- Considerably lower volume is observed in the last couple of days.
MIND has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for MIND in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.39
We found 1 important support area.
- Support @7.46 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @7.61 from a trend line in the daily time frame.
- A resistance zone ranging from 8.73 to 8.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.10 to 9.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 19.59 | NEGATIVE | MIND has a low relative strength, it was outperformed by 80.41% 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) | UP | MIXED | The current price of MIND is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.37 | NEUTRAL | The RSI value for MIND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MIND has a negative trend. |
| Stochastics (14,3) | 29.19 | NEUTRAL | The Stochastics value for MIND is a neutral value. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for MIND suggests high volalility. |
| Average Directional Index/ADX (14) | 20.37 | NEUTRAL | The ADX value for MIND suggests a possible start of a new trend. |
7.61
-0.45 (-5.58%)
MIND TECHNOLOGY INC / MIND 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 stock?
MIND TECHNOLOGY INC (MIND) has an RSI value of 38.3715. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MIND TECHNOLOGY INC?
The MACD indicator for MIND TECHNOLOGY INC (MIND) has a value of -0.0406068, indicating a bearish trend.
What are the support and resistance levels for MIND TECHNOLOGY INC (MIND) stock?
MIND TECHNOLOGY INC (MIND) has a support level at 7.46 and a resistance level at 7.61. Check the full technical report for our detailed analysis of MIND support and resistance levels.