MIND MEDICINE MINDMED INC (MNMD) Stock Technical Analysis
NASDAQ:MNMD - Nasdaq - CA60255C8850 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MNMD. Both in the recent history as in the last year, MNMD has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MNMD is one of the better performing stocks in the market, outperforming 91% of all stocks.
MNMD is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 81% of 193 stocks in the same industry.
MNMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MNMD is lagging the market slightly.
MNMD has an average volume of 1228070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MNMD has a been trading in the 7.96 - 10.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MNMD has an excellent technical rating, the quality of the presented setup is not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
5.36
10.26
We found 6 important support areas.
- Support @9.29 from a trend line in the daily time frame.
- A support zone ranging from 8.30 to 8.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.43 from a trend line in the daily time frame.
- Support @7.20 from a trend line in the weekly time frame.
- Support @6.18 from a trend line in the weekly time frame.
- Support @5.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.82 to 9.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.16 from a horizontal line in the daily time frame.
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 | 91.92 | POSITIVE | MNMD has a high relative strength, it outperformed 91.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MNMD is below 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) | 56.17 | NEUTRAL | The RSI value for MNMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MNMD has a negative trend. |
| Stochastics (14,3) | 71.41 | NEUTRAL | The Stochastics value for MNMD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for MNMD suggests high volalility. |
| Average Directional Index/ADX (14) | 29.29 | POSITIVE | The high ADX value value for MNMD suggests a strong 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)
9.61
-0.11 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.13%
1 Week-2.44%
2 Weeks13.86%
1 Month8.22%
3 Month45.61%
6 Month-2.83%
12 Month51.1%
2 Year131.57%
3 Year-18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%6.1%
ATR Inc-33.39%
Range Today0.36
ADR(20)0.56
ADR(20)%5.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.92
Mansfield2.44
10 Day High10.49
10 Day Low8.59
20 Day High10.49
20 Day Low7.96
52 Week High10.49
52 Week Low4.7
CS1 End9.29
CR1 Start9.82
Volume & EV
DER(3)-3.7%
DER(5)-1.17%
Volume819.60K
Volume Incr-6.84%
Vol(5)1.17M
Vol(50)1.23M