MINERALYS THERAPEUTICS INC (MLYS) Stock Technical Analysis
NASDAQ:MLYS - Nasdaq - US6031701013 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to MLYS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLYS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
MLYS is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 561 stocks in the same industry.
MLYS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MLYS is performing more or less in line with the market.
In the last month MLYS has a been trading in the 13.06 - 16.78 range, which is quite wide. It is currently trading near the high of this range.
MLYS has an average volume of 1052510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MLYS is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MLYS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.87. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MLYS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
9.56
17.22
We found 2 important support areas.
- A support zone ranging from 14.98 to 15.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.66 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.87 to 17.05. 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 | UP | POSITIVE | The short term trend for MLYS is up. |
| ChartMill Relative Strength | 95.51 | POSITIVE | MLYS has a high relative strength, it outperformed 95.51% off all stocks 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) | 58.61 | NEUTRAL | The RSI value for MLYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MLYS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.03 | OVERBOUGHT | The high Stochastics value suggests MLYS may be overbought. |
| Average True Range in percent/ATR (20) | 6.48 | HIGH VOLATILITY | The high ATR as a percentage value for MLYS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for MLYS suggests a possible start of a new 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 |
|---|---|---|---|
| 17.06 | 14.97 | 2.09 (12.25%) | 8.16% |
| An entry @17.06. This is a Buy Stop order right above the resistance zone. | An exit @14.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.09 points, which is 12.25%. | When investing 8.16% 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.
15.96
-0.36 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.21%
1 Week3.97%
2 Weeks8.94%
1 Month19.64%
3 Month66.95%
6 Month27.78%
12 Month30.82%
2 Year9.77%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%6.48%
ATR Inc-26.65%
Range Today0.82
ADR(20)1.03
ADR(20)%6.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.51
Mansfield2.52
10 Day High16.78
10 Day Low14.18
20 Day High16.78
20 Day Low13.06
52 Week High18.38
52 Week Low8.24
CS1 End15.18
CR1 Start16.87
Volume & EV
DER(3)2.31%
DER(5)3.7%
Volume928.00K
Volume Incr19.08%
Vol(5)946.06K
Vol(50)1.05M