MINERALYS THERAPEUTICS INC (MLYS) Technical Analysis
NASDAQ:MLYS • US6031701013
Overall MLYS gets a technical rating of 2 out of 10. Although MLYS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- MLYS has an average volume of 1193040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, MLYS did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- MLYS is an average performer in the Biotechnology industry, it outperforms 68% of 519 stocks in the same industry.
- MLYS 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 MLYS is lagging the market slightly.
- In the last month MLYS has a been trading in the 24.37 - 31.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
MLYS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.97, a Stop Loss order could be placed below this zone.
More info and screens
18.02
2 important support areas can be observed.
- A support zone ranging from 26.59 to 26.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 27.79 to 28.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @28.70 from a trend line in the daily time frame.
- Resistance @29.96 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 | NEUTRAL | NEUTRAL | The long term trend for MLYS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLYS is down. |
| ChartMill Relative Strength | 87.94 | POSITIVE | MLYS has a high relative strength, it outperformed 87.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLYS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLYS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MLYS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.29 | NEUTRAL | The RSI value for MLYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MLYS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.68 | NEUTRAL | The Stochastics value for MLYS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for MLYS suggests high volalility. |
| Average Directional Index/ADX (14) | 20.48 | NEUTRAL | The ADX value for MLYS suggests a possible start of a new trend. |
MLYS Technicals: Chart, Performance Metrics, Trend & Indicators
26.99
-0.98 (-3.5%)
MINERALYS THERAPEUTICS INC / MLYS FAQ
Can you provide the ChartMill technical rating for MINERALYS THERAPEUTICS INC?
ChartMill assigns a technical rating of 2 / 10 to MLYS.
What is the current trend direction of MINERALYS THERAPEUTICS INC (MLYS) stock?
The current trend direction for MINERALYS THERAPEUTICS INC (MLYS) is Bearish.
Can you provide the RSI signal for MINERALYS THERAPEUTICS INC?
MINERALYS THERAPEUTICS INC (MLYS) has an RSI value of 39.2912. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MINERALYS THERAPEUTICS INC?
The MACD indicator for MINERALYS THERAPEUTICS INC (MLYS) has a value of 0.064579, indicating a bearish trend.
Can you provide the short term momentum for MINERALYS THERAPEUTICS INC?
The short term momentum for MINERALYS THERAPEUTICS INC (MLYS) is negative.