Overall MNMD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MNMD is showing a nice and steady performance.
MNMD has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.36
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.54 to 11.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.89 from a trend line in the daily time frame.
- A support zone ranging from 10.67 to 10.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.92 from a trend line in the daily time frame.
- Support @5.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.66 to 12.66. 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 MNMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNMD is up. |
| ChartMill Relative Strength | 93.6 | POSITIVE | MNMD has a high relative strength, it outperformed 93.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MNMD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.02 | NEUTRAL | The RSI value for MNMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MNMD has a positive trend. |
| Stochastics (14,3) | 69.71 | NEUTRAL | The Stochastics value for MNMD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.03 | HIGH VOLATILITY | The high ATR as a percentage value for MNMD suggests high volalility. |
| Average Directional Index/ADX (14) | 15.19 | NEGATIVE | The low ADX value for MNMD suggests a weak or negative trend. |
12.26
-0.39 (-3.08%)
MIND MEDICINE MINDMED INC / MNMD FAQ
Can you provide the ChartMill technical rating for MIND MEDICINE MINDMED INC?
ChartMill assigns a technical rating of 10 / 10 to MNMD.
Can you provide the trend direction for MIND MEDICINE MINDMED INC?
The current trend direction for MIND MEDICINE MINDMED INC (MNMD) is Bullish.
What is the RSI signal for MIND MEDICINE MINDMED INC (MNMD) stock?
MIND MEDICINE MINDMED INC (MNMD) has an RSI value of 54.0171. This indicates that the stock is currently neutral.
What is the MACD signal for MIND MEDICINE MINDMED INC (MNMD) stock?
The MACD indicator for MIND MEDICINE MINDMED INC (MNMD) has a value of 0.0936916, indicating a bearish trend.
What are the support and resistance levels for MIND MEDICINE MINDMED INC (MNMD) stock?
MIND MEDICINE MINDMED INC (MNMD) has a support level at 11.7 and a resistance level at 12.66. Check the full technical report for our detailed analysis of MNMD support and resistance levels.