MINIM INC (MINM) Stock Technical Analysis
NASDAQ:MINM - Nasdaq - US60365W2017 - Common Stock - Currency: USD
Overall MINM gets a technical rating of 0 out of 10. MINM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
78% of all other stocks performed better in the past year than MINM.
MINM is one of the lesser performing stocks in the Communications Equipment industry. 73% of 50 stocks in the same industry do better.
MINM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MINM is lagging the market.
In the last month MINM has a been trading in the 2.24 - 6.30 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MINM has an average volume of 1220690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MINM has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.37
4.33
When analyzing the support we can see 2 important areas.
- Support @2.64 from a horizontal line in the weekly time frame.
- Support @2.39 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.24 to 3.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.29 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 | DOWN | NEGATIVE | The long term trend for MINM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MINM is down. |
| ChartMill Relative Strength | 22.48 | NEGATIVE | MINM has a low relative strength, it was outperformed by 77.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MINM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MINM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MINM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.1 | NEUTRAL | The RSI value for MINM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MINM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.19 | OVERSOLD | The low Stochastics value suggests MINM may be oversold. |
| Average True Range in percent/ATR (20) | 22.67 | HIGH VOLATILITY | The high ATR as a percentage value for MINM suggests high volalility. |
| Average Directional Index/ADX (14) | 32.46 | POSITIVE | The high ADX value value for MINM 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)
2.79
-0.21 (-7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-7%
1 Week-8.52%
2 Weeks-7%
1 Month-18.9%
3 Month-20.27%
6 Month-27.9%
12 Month0.74%
2 Year-65.03%
3 Year-94.9%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%22.67%
ATR Inc-51.55%
Range Today0.21
ADR(20)0.56
ADR(20)%20.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.48
Mansfield-2.46
10 Day High3.42
10 Day Low2.24
20 Day High6.3
20 Day Low2.24
52 Week High10.28
52 Week Low0.6
CS1 End2.64
CR1 Start3.24
Volume & EV
DER(3)-1.14%
DER(5)-5.71%
Volume55.14K
Volume Incr734.28%
Vol(5)1.82M
Vol(50)1.22M