MEDICINOVA INC (MNOV) Stock Technical Analysis
USA - NASDAQ:MNOV - US58468P2065 - Common Stock
Taking everything into account, MNOV scores 7 out of 10 in our technical rating. MNOV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although MNOV has an excellent technical rating, it does not present a decent entry opportunity 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
1.19
We found 3 important support areas.
- A support zone ranging from 1.28 to 1.28. 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 1.24 to 1.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @1.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.65 to 1.66. 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 | NEUTRAL | NEUTRAL | The long term trend for MNOV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNOV is up. |
| ChartMill Relative Strength | 60.59 | NEUTRAL | MNOV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNOV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MNOV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.02 | NEUTRAL | The RSI value for MNOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MNOV has a positive trend. |
| Stochastics (14,3) | 38.97 | NEUTRAL | The Stochastics value for MNOV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for MNOV suggests high volalility. |
| Average Directional Index/ADX (14) | 25.99 | POSITIVE | The high ADX value value for MNOV suggests a strong trend. |
1.51
+0.09 (+6.34%)
MEDICINOVA INC / MNOV FAQ
What is the ChartMill technical rating of MEDICINOVA INC (MNOV) stock?
ChartMill assigns a technical rating of 7 / 10 to MNOV.
What is the trend direction for MNOV stock?
The current trend direction for MEDICINOVA INC (MNOV) is Bearish.
Can you provide the RSI signal for MEDICINOVA INC?
MEDICINOVA INC (MNOV) has an RSI value of 63.0189. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MEDICINOVA INC?
MEDICINOVA INC (MNOV) has a support level at 1.28 and a resistance level at 1.65. Check the full technical report for our detailed analysis of MNOV support and resistance levels.