MIND TECHNOLOGY INC (MIND) Stock Technical Analysis
NASDAQ:MIND - Nasdaq - US6025663096 - Common Stock - Currency: USD
Taking everything into account, MIND scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MIND has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
MIND is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 98% of 61 stocks in the same industry.
MIND is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MIND is lagging the market slightly.
In the last month MIND has a been trading in the 7.09 - 10.40 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, MIND did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MIND has an excellent technical rating, but the quality of the setup is only medium 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
5.45
10.28
When analyzing the support we can see 4 important areas.
- Support @8.93 from a horizontal line in the daily time frame.
- Support @6.81 from a trend line in the daily time frame.
- Support @5.90 from a trend line in the weekly time frame.
- Support @5.50 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 | 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 | 95.67 | POSITIVE | MIND has a high relative strength, it outperformed 95.67% 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) | 65.81 | NEUTRAL | The RSI value for MIND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MIND has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.53 | OVERBOUGHT | The high Stochastics value suggests MIND may be overbought. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for MIND suggests high volalility. |
| Average Directional Index/ADX (14) | 30.46 | POSITIVE | The high ADX value value for MIND 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)
10.18
+0.4 (+4.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg4.09%
1 Week13.87%
2 Weeks16.21%
1 Month30.51%
3 Month54.01%
6 Month9.11%
12 Month114.77%
2 Year67.74%
3 Year29.5%
5 Year-59.28%
10 Year-76.38%
15 Year-84.34%
Volatility
ATR(14)0.63
ATR(20)%5.54%
ATR Inc24.99%
Range Today0.61
ADR(20)0.53
ADR(20)%5.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.67
Mansfield5.09
10 Day High10.4
10 Day Low8.83
20 Day High10.4
20 Day Low7.09
52 Week High11.1
52 Week Low3.05
CS1 End8.93
CR1 StartN/A
Volume & EV
DER(3)7.26%
DER(5)5.75%
Volume187.30K
Volume Incr-10.17%
Vol(5)187.04K
Vol(50)317.57K