MIND MEDICINE MINDMED INC (MNMD) Stock Technical Analysis
USA - NASDAQ:MNMD - CA60255C8850 - Common Stock
Taking everything into account, MNMD scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, MNMD also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for MNMD in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.36
5 important support areas can be observed.
- A support zone ranging from 12.28 to 12.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.43 from a trend line in the daily time frame.
- Support @9.59 from a trend line in the daily time frame.
- Support @8.32 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 | NEUTRAL | NEUTRAL | The short term trend for MNMD is neutral. |
| ChartMill Relative Strength | 89.07 | POSITIVE | MNMD has a high relative strength, it outperformed 89.07% 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) | 50.03 | 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) | 61.4 | NEUTRAL | The Stochastics value for MNMD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.92 | HIGH VOLATILITY | The high ATR as a percentage value for MNMD suggests high volalility. |
| Average Directional Index/ADX (14) | 31.41 | 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 |
|---|---|---|---|
| 12.85 | 12.27 | 0.58 (4.52%) | 22.12% |
| An entry @12.85. This is a Buy Stop order right above the 10 day moving average. | An exit @12.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.58 points, which is 4.52%. | For a 1.00% total portfolio risk, you can invest 22.12% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MNMD. Please evaluate whether better entry and exit points can be found.
- 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.
12.29
-1.91 (-13.45%)
MIND MEDICINE MINDMED INC / MNMD FAQ
Can you provide the ChartMill technical rating for MIND MEDICINE MINDMED INC?
ChartMill assigns a technical rating of 8 / 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 50.0278. 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 -0.0585179, 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 12.28. Check the full technical report for our detailed analysis of MNMD support and resistance levels.