MINIM INC (MINM) Stock Technical Analysis
NASDAQ:MINM - Nasdaq - US60365W2017 - Common Stock - Currency: USD
Overall MINM gets a technical rating of 6 out of 10. 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 part of the Communications Equipment industry. There are 48 other stocks in this industry. MINM outperforms 78% of them.
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 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
2.41
6.19
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice 4 important areas.
- 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.
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 | 93.56 | POSITIVE | MINM has a high relative strength, it outperformed 93.56% 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. |
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)
3.61
+0.5 (+16.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg16.08%
1 Week36.23%
2 Weeks28.47%
1 Month16.08%
3 Month12.46%
6 Month-31.5%
12 Month111.73%
2 Year-31.24%
3 Year-92.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%11.34%
ATR Inc18.09%
Range Today0.82
ADR(20)0.38
ADR(20)%10.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.56
Mansfield-0.84
10 Day High3.84
10 Day Low2.51
20 Day High3.84
20 Day Low2.24
52 Week High10.28
52 Week Low0.6
CS1 End2.85
CR1 Start3.62
Volume & EV
DER(3)9.18%
DER(5)5.22%
Volume694.40K
Volume Incr1116.26%
Vol(5)6.87M
Vol(50)1.90M