MIND MEDICINE MINDMED INC (MNMD) Stock Technical Analysis
USA - NASDAQ:MNMD - CA60255C8850 - Common Stock
12.56 USD
+0.34 (+2.78%)
12.57 USD
+0.01 (+0.08%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MNMD did better than 95% of all other stocks. On top of that, MNMD also shows a nice and consistent pattern of rising prices.
MNMD is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 92% of 197 stocks in the same industry.
MNMD is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MNMD has a been trading in the 8.77 - 12.76 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MNMD has an average volume of 1379340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MNMD has an excellent technical rating, it does not offer a high quality setup 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
12.69
We found 5 important support areas.
- A support zone ranging from 9.49 to 9.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.88 from a horizontal line in the daily time frame.
- Support @8.40 from a trend line in the daily time frame.
- Support @7.86 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 | 95.96 | POSITIVE | MNMD has a high relative strength, it outperformed 95.96% 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) | 73.46 | OVERBOUGHT | The high RSI value suggests MNMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests MNMD has a positive trend. |
| Stochastics (14,3) | 91.11 | OVERBOUGHT | The high Stochastics value suggests MNMD may be overbought. |
| Average True Range in percent/ATR (20) | 5.61 | HIGH VOLATILITY | The high ATR as a percentage value for MNMD suggests high volalility. |
| Average Directional Index/ADX (14) | 32.05 | 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)
12.56
+0.34 (+2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.78%
1 Week17.71%
2 Weeks38.94%
1 Month36.23%
3 Month75.17%
6 Month131.31%
12 Month125.49%
2 Year390.63%
3 Year328.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%5.61%
ATR Inc-4.44%
Range Today0.75
ADR(20)0.69
ADR(20)%5.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.96
Mansfield4.86
10 Day High12.76
10 Day Low8.77
20 Day High12.76
20 Day Low8.77
52 Week High12.76
52 Week Low4.7
CS1 End9.6
CR1 StartN/A
Volume & EV
DER(3)2.38%
DER(5)0.56%
Volume2.34M
Volume Incr121.46%
Vol(5)2.79M
Vol(50)1.38M