MINERALYS THERAPEUTICS INC (MLYS) Stock Technical Analysis
NASDAQ:MLYS - Nasdaq - US6031701013 - Common Stock - Currency: USD
Overall MLYS gets a technical rating of 6 out of 10. Although MLYS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month MLYS has a been trading in the 12.95 - 15.17 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MLYS outperforms 66% of them, which is more or less in line with the market.
MLYS is an average performer in the Biotechnology industry, it outperforms 68% of 558 stocks in the same industry.
MLYS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLYS is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, MLYS does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 14.56, a Stop Loss order could be placed below this zone.
More info and screens
9.91
17.04
We found 4 important support areas.
- A support zone ranging from 13.81 to 14.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.44 to 13.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.21 from a horizontal line in the daily time frame.
- Support @10.01 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @15.71 from a trend line in the weekly time frame.
- A resistance zone ranging from 16.87 to 16.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MLYS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MLYS is neutral. |
| ChartMill Relative Strength | 66.03 | NEUTRAL | MLYS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLYS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLYS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.98 | NEUTRAL | The RSI value for MLYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests MLYS has a positive trend. |
| Stochastics (14,3) | 88.76 | OVERBOUGHT | The high Stochastics value suggests MLYS may be overbought. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for MLYS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.46 | NEGATIVE | The low ADX value for MLYS suggests a weak or negative 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 |
|---|---|---|---|
| 15.72 | 13.80 | 1.92 (12.21%) | 8.19% |
| An entry @15.72. This is a Buy Stop order right above the resistance zone. | An exit @13.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.92 points, which is 12.21%. | When investing 8.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
15.02
+0.53 (+3.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.66%
1 Week11.01%
2 Weeks9.56%
1 Month0.67%
3 Month12.51%
6 Month62.55%
12 Month13.79%
2 Year6.3%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%5.04%
ATR Inc26.41%
Range Today1.1
ADR(20)0.76
ADR(20)%5.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.03
Mansfield0.87
10 Day High15.17
10 Day Low13.22
20 Day High15.17
20 Day Low12.95
52 Week High18.38
52 Week Low8.24
CS1 End14.56
CR1 Start15.71
Volume & EV
DER(3)-2.15%
DER(5)-0.59%
Volume518.90K
Volume Incr-40.28%
Vol(5)537.76K
Vol(50)824.38K