MEDICINOVA INC (MNOV) Stock Technical Analysis
NASDAQ:MNOV - Nasdaq - US58468P2065 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to MNOV. MNOV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
MNOV is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: MNOV has an average volume of 13474 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
MNOV is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 566 stocks in the same industry.
In the last month MNOV has a been trading in the 1.13 - 1.59 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, MNOV turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
Considerably lower volume is observed in the last couple of days.
MNOV has a poor technical rating and the quality of the setup is also 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
1.20
2.30
When analyzing the support we can see 3 important areas.
- Support @1.46 from a horizontal line in the daily time frame.
- Support @1.25 from a trend line in the weekly time frame.
- Support @1.21 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.57 to 1.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.60 from a horizontal line in the daily time frame.
- Resistance @2.28 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.45
Mansfield-0.86
10 Day High1.59
10 Day Low1.41
20 Day High1.59
20 Day Low1.13
52 Week High2.55
52 Week Low1.12
Performance
1 Week-3.21%
2 Weeks4.14%
1 Month12.69%
3 Month-23.74%
6 Month-9.04%
12 Month15.27%
2 Year-29.77%
3 Year-37.86%
5 Year-71.72%
10 Year-61.77%
15 Year-72.79%
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)52.77
LBB1.38
UBB1.61
NASDAQ:MNOV (5/2/2025, 8:10:52 PM)
1.51
+0.04 (+2.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.72%
1 Week-3.21%
2 Weeks4.14%
1 Month12.69%
3 Month-23.74%
6 Month-9.04%
12 Month15.27%
2 Year-29.77%
3 Year-37.86%
5 Year-71.72%
10 Year-61.77%
15 Year-72.79%
Volatility
ATR(14)0.08
ATR(20)%6.09%
ATR Inc-42.09%
Range Today0.05
ADR(20)0.09
ADR(20)%5.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.45
Mansfield-0.86
10 Day High1.59
10 Day Low1.41
20 Day High1.59
20 Day Low1.13
52 Week High2.55
52 Week Low1.12
CS1 End1.46
CR1 Start1.57
Volume & EV
DER(3)6.4%
DER(5)15.65%
Volume1.40K
Volume Incr-59.44%
Vol(5)6.52K
Vol(50)13.47K