MIND MEDICINE MINDMED INC (MNMD) Stock Technical Analysis
NASDAQ:MNMD - Nasdaq - CA60255C8850 - Common Stock - Currency: USD
Taking everything into account, MNMD scores 3 out of 10 in our technical rating. In the past year, MNMD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MNMD is a bad performer in the overall market: 85% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MNMD has a been trading in the 5.51 - 7.00 range, which is quite wide. It is currently trading near the high of this range.
MNMD has an average volume of 1095840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MNMD is an average performer in the Pharmaceuticals industry, it outperforms 47% of 198 stocks in the same industry.
MNMD 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 MNMD is lagging the market slightly.
Although the technical rating is bad, MNMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.48, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MNMD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.36
9.67
4 important support areas can be observed.
- A support zone ranging from 6.37 to 6.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.14 to 6.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.67 from a trend line in the weekly time frame.
- Support @5.41 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @6.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.94 to 6.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.57 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.6
Mansfield-0.95
10 Day High6.91
10 Day Low6.03
20 Day High7
20 Day Low5.51
52 Week High10.44
52 Week Low4.7
Performance
1 Week7.32%
2 Weeks-4.76%
1 Month14.38%
3 Month-33.27%
6 Month-14.95%
12 Month-19.71%
2 Year86.44%
3 Year629.52%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)55.36
LBB6.13
UBB6.84
6.6
+0.05 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.76%
1 Week7.32%
2 Weeks-4.76%
1 Month14.38%
3 Month-33.27%
6 Month-14.95%
12 Month-19.71%
2 Year86.44%
3 Year629.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%5.57%
ATR Inc-33.2%
Range Today0.23
ADR(20)0.34
ADR(20)%5.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.6
Mansfield-0.95
10 Day High6.91
10 Day Low6.03
20 Day High7
20 Day Low5.51
52 Week High10.44
52 Week Low4.7
CS1 End6.48
CR1 Start6.83
Volume & EV
DER(3)2.79%
DER(5)3.32%
Volume660.80K
Volume Incr-14.31%
Vol(5)736.10K
Vol(50)1.10M