MANNKIND CORP (MNKD) Stock Technical Analysis
USA - NASDAQ:MNKD - US56400P7069 - Common Stock
We assign a technical rating of 7 out of 10 to MNKD. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MNKD is only an average performer.
MNKD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 5.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MNKD 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
3.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.33 to 5.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.87 to 4.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.56 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @5.48 from a trend line in the weekly time frame.
- Resistance @5.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.76 to 5.77. 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 MNKD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNKD is up. |
| ChartMill Relative Strength | 78.38 | POSITIVE | MNKD has a high relative strength, it outperformed 78.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MNKD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNKD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MNKD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.49 | NEUTRAL | The RSI value for MNKD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MNKD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.82 | NEUTRAL | The Stochastics value for MNKD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for MNKD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.77 | NEUTRAL | The ADX value for MNKD suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 5.49 | 5.32 | 0.17 (3.10%) | 25.00% |
| An entry @5.49. This is a Buy Stop order right above the resistance zone. | An exit @5.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 3.10%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MNKD. 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.
5.48
-0.11 (-1.97%)
MANNKIND CORP / MNKD FAQ
What is the technical rating for MNKD stock?
ChartMill assigns a technical rating of 7 / 10 to MNKD.
What is the trend direction for MNKD stock?
The current trend direction for MANNKIND CORP (MNKD) is Bullish.
Can you provide the RSI signal for MANNKIND CORP?
MANNKIND CORP (MNKD) has an RSI value of 53.4947. This indicates that the stock is currently neutral.
What is the MACD signal for MNKD stock?
The MACD indicator for MANNKIND CORP (MNKD) has a value of 0.00136125, indicating a bearish trend.
What is the buy/sell signal for MNKD stock?
The buy/sell signal for MANNKIND CORP (MNKD) is buy as both the short term and long term trends are positive.