MIND MEDICINE MINDMED INC (MNMD) Stock Technical Analysis
USA - NASDAQ:MNMD - CA60255C8850 - Common Stock
Overall MNMD gets a technical rating of 10 out of 10. 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.
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
We found 5 important support areas.
- A support zone ranging from 12.93 to 13.05. 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 12.66 to 12.68. 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 12.37 to 12.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.23 from a trend line in the weekly time frame.
- Support @5.41 from a horizontal line in the weekly 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 | 95.88 | POSITIVE | MNMD has a high relative strength, it outperformed 95.88% 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) | 68.04 | NEUTRAL | The RSI value for MNMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MNMD has a positive trend. |
| Stochastics (14,3) | 69.35 | NEUTRAL | The Stochastics value for MNMD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for MNMD suggests high volalility. |
| Average Directional Index/ADX (14) | 32.65 | 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 |
|---|---|---|---|
| 14.44 | 12.92 | 1.52 (10.53%) | 9.50% |
| An entry @14.44. This is a Buy Stop order right above the 10 day high. | An exit @12.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.52 points, which is 10.53%. | For a 1.00% total portfolio risk, you can invest 9.50% of your capital in this trade. |
- 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.
14.2
+0.81 (+6.05%)
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 68.0355. 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 0.0270785, 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 13.05. Check the full technical report for our detailed analysis of MNMD support and resistance levels.