MILESTONE PHARMACEUTICALS IN (MIST) Stock Technical Analysis
NASDAQ:MIST - Nasdaq - CA59935V1076 - Common Stock - Currency: USD
Taking everything into account, MIST scores 7 out of 10 in our technical rating. MIST has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
MIST is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 74% of 195 stocks in the same industry.
MIST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
MIST has an average volume of 1132320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, MIST outperforms 68% of them, which is more or less in line with the market.
MIST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MIST is lagging the market slightly.
MIST has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.74. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MIST in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.62
2.38
2 important support areas can be observed.
- Support @1.67 from a trend line in the daily time frame.
- A support zone ranging from 1.64 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.74 to 1.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.01 from a trend line in the weekly time frame.
- Resistance @2.36 from a horizontal 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 MIST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIST is up. |
| ChartMill Relative Strength | 68.89 | NEUTRAL | MIST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.11 | NEUTRAL | The RSI value for MIST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MIST has a negative trend. |
| Stochastics (14,3) | 75.09 | NEUTRAL | The Stochastics value for MIST is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for MIST suggests high volalility. |
| Average Directional Index/ADX (14) | 34.74 | POSITIVE | The high ADX value value for MIST 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.77 | 1.66 | 0.11 (6.21%) | 16.09% |
| An entry @1.77. This is a Buy Stop order right above the resistance zone. | An exit @1.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.11 points, which is 6.21%. | When investing 16.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MIST. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.72
-0.01 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.58%
1 Week0%
2 Weeks4.24%
1 Month23.74%
3 Month-9.47%
6 Month-4.44%
12 Month24.64%
2 Year-39.65%
3 Year-72.03%
5 Year-54.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%6%
ATR Inc23.35%
Range Today0.12
ADR(20)0.1
ADR(20)%5.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.89
Mansfield0.37
10 Day High1.81
10 Day Low1.62
20 Day High1.81
20 Day Low1.35
52 Week High2.75
52 Week Low0.63
CS1 End1.67
CR1 Start1.74
Volume & EV
DER(3)6.71%
DER(5)-0.14%
Volume563.40K
Volume Incr-36.82%
Vol(5)498.90K
Vol(50)1.13M