Overall MIND gets a technical rating of 4 out of 10. Although MIND 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.
MIND has an average technical rating and it also 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.
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6.87
2 important support areas can be observed.
- Support @8.07 from a horizontal line in the daily time frame.
- Support @6.94 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.62 to 9.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.06 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MIND is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MIND is down. |
| ChartMill Relative Strength | 84.96 | POSITIVE | MIND has a high relative strength, it outperformed 84.96% 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) | UP | MIXED | The current price of MIND is below 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) | 39.82 | NEUTRAL | The RSI value for MIND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MIND has a negative trend. |
| Stochastics (14,3) | 27.81 | NEUTRAL | The Stochastics value for MIND is a neutral value. |
| Average True Range in percent/ATR (20) | 10.12 | HIGH VOLATILITY | The high ATR as a percentage value for MIND suggests high volalility. |
| Average Directional Index/ADX (14) | 20.1 | NEUTRAL | The ADX value for MIND suggests a possible start of a new trend. |
8.48
-0.24 (-2.75%)
MIND TECHNOLOGY INC / MIND FAQ
Can you provide the ChartMill technical rating for MIND TECHNOLOGY INC?
ChartMill assigns a technical rating of 4 / 10 to MIND.
What is the trend direction for 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 39.816. 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 -0.129542, indicating a bearish trend.
What is the support and resistance level for MIND stock?
MIND TECHNOLOGY INC (MIND) has a support level at 8.07 and a resistance level at 9.62. Check the full technical report for our detailed analysis of MIND support and resistance levels.