MINIM INC (MINM) Technical Analysis
NASDAQ:MINM • US60365W2017
Current stock price
MINM Technical Rating and Analysis
Taking everything into account, MINM scores 6 out of 10 in our technical rating. Although MINM has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- 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.
- When comparing the yearly performance of all stocks, we notice that MINM is one of the better performing stocks in the market, outperforming 93% of all stocks.
- MINM is one of the better performing stocks in the Communications Equipment industry, it outperforms 72% of 48 stocks in the same industry.
- In the last month MINM has a been trading in the 2.24 - 3.84 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MINM has an average volume of 1904860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MINM Weekly and Daily overview Charts
MINM Setup Rating and Analysis
MINM 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.
More info and screens
MINM Support and Resistance Analysis
2.41
When analyzing the support we can see 3 important areas.
- Support @2.85 from a trend line in the weekly time frame.
- Support @2.79 from a trend line in the daily time frame.
- Support @2.43 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.62 to 3.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.95 from a trend line in the daily time frame.
- Resistance @4.13 from a trend line in the daily time frame.
- Resistance @6.13 from a trend line in the weekly time frame.
MINM Technical Indicator Signal Analysis
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 MINM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MINM is neutral. |
| ChartMill Relative Strength | 93.3 | POSITIVE | MINM has a high relative strength, it outperformed 93.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MINM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MINM is above the rising 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) | 58.44 | NEUTRAL | The RSI value for MINM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MINM has a positive trend. |
| Stochastics (14,3) | 69.42 | NEUTRAL | The Stochastics value for MINM is a neutral value. |
| Average True Range in percent/ATR (20) | 11.34 | HIGH VOLATILITY | The high ATR as a percentage value for MINM suggests high volalility. |
| Average Directional Index/ADX (14) | 32.18 | POSITIVE | The high ADX value value for MINM suggests a strong trend. |
MINM Chart- and CandleStick Pattern Analysis
MINM Technicals: Chart, Performance Metrics, Trend & Indicators
3.61
+0.5 (+16.08%)
MINIM INC / MINM TA FAQ
Can you provide the ChartMill technical rating for MINIM INC?
ChartMill assigns a technical rating of 6 / 10 to MINM.
Can you provide the trend direction for MINIM INC?
The current trend direction for MINIM INC (MINM) is Bearish.
What is the RSI signal for MINIM INC (MINM) stock?
MINIM INC (MINM) has an RSI value of 58.442. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MINIM INC?
The short term momentum for MINIM INC (MINM) is neutral.
What are the support and resistance levels for MINIM INC (MINM) stock?
MINIM INC (MINM) has a support level at 2.85 and a resistance level at 3.62. Check the full technical report for our detailed analysis of MINM support and resistance levels.