Taking everything into account, MNMD scores 10 out of 10 in our technical rating. 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 and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.35, a Stop Loss order could be placed below this zone.
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We found 3 important support areas.
- A support zone ranging from 12.07 to 12.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.75 to 11.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.41 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.20 to 14.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 93.77 | POSITIVE | MNMD has a high relative strength, it outperformed 93.77% 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) | 57.09 | NEUTRAL | The RSI value for MNMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MNMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for MNMD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for MNMD suggests high volalility. |
| Average Directional Index/ADX (14) | 26.23 | 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 |
|---|---|---|---|
| 14.22 | 12.07 | 2.15 (15.12%) | 6.61% |
| An entry @14.22. This is a Buy Stop order right above the resistance zone. | An exit @12.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.15 points, which is 15.12%. | For a 1.00% total portfolio risk, you can invest 6.61% 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.
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+0.44 (+3.4%)
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.
What is the current trend direction of MIND MEDICINE MINDMED INC (MNMD) stock?
The current trend direction for MIND MEDICINE MINDMED INC (MNMD) is Bullish.
What is the RSI signal for MNMD stock?
MIND MEDICINE MINDMED INC (MNMD) has an RSI value of 57.0869. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MIND MEDICINE MINDMED INC?
The short term momentum for MIND MEDICINE MINDMED INC (MNMD) is positive.
Can you provide the buy/sell signal for MIND MEDICINE MINDMED INC?
The buy/sell signal for MIND MEDICINE MINDMED INC (MNMD) is buy as both the short term and long term trends are positive.