MIND TECHNOLOGY INC (MIND) Stock Technical Analysis
USA - NASDAQ:MIND - US6025663096 - Common Stock
We assign a technical rating of 4 out of 10 to MIND. 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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.69
3 important support areas can be observed.
- Support @8.73 from a trend line in the daily time frame.
- A support zone ranging from 8.05 to 8.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.76 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 | 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 | 95.1 | POSITIVE | MIND has a high relative strength, it outperformed 95.1% 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) | 36.87 | NEUTRAL | The RSI value for MIND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests MIND has a negative trend. |
| Stochastics (14,3) | 2.83 | OVERSOLD | The low Stochastics value suggests MIND may be oversold. |
| Average True Range in percent/ATR (20) | 12.83 | HIGH VOLATILITY | The high ATR as a percentage value for MIND suggests high volalility. |
| Average Directional Index/ADX (14) | 30.25 | POSITIVE | The high ADX value value for MIND suggests a strong trend. |
8.89
-0.57 (-6.03%)
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 36.8692. 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 -0.502448, indicating a bearish trend.
What is the support and resistance level for MIND stock?
MIND TECHNOLOGY INC (MIND) has a support level at 8.73. Check the full technical report for our detailed analysis of MIND support and resistance levels.