We assign a technical rating of 10 out of 10 to MNMD. 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.
5.36
We found 4 important support areas.
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 | 93.9 | POSITIVE | MNMD has a high relative strength, it outperformed 93.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNMD is above the rising 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) | 65.25 | NEUTRAL | The RSI value for MNMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MNMD has a positive trend. |
| Stochastics (14,3) | 73.38 | NEUTRAL | The Stochastics value for MNMD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for MNMD suggests high volalility. |
| Average Directional Index/ADX (14) | 32.84 | POSITIVE | The high ADX value value for MNMD suggests a strong 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 |
|---|---|---|---|
| 15.30 | 13.94 | 1.36 (8.89%) | 11.25% |
| An entry @15.30. This is a Buy Stop order right above the 10 day high. | An exit @13.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.36 points, which is 8.89%. | For a 1.00% total portfolio risk, you can invest 11.25% of your capital in this trade. |
15.02
+0.15 (+1.01%)
ChartMill assigns a technical rating of 10 / 10 to MNMD.
The current trend direction for MIND MEDICINE MINDMED INC (MNMD) is Bullish.
MIND MEDICINE MINDMED INC (MNMD) has an RSI value of 65.2488. This indicates that the stock is currently neutral.
The short term momentum for MIND MEDICINE MINDMED INC (MNMD) is positive.
The buy/sell signal for MIND MEDICINE MINDMED INC (MNMD) is buy as both the short term and long term trends are positive.