MEDICINOVA INC (MNOV) Stock Technical Analysis
NASDAQ:MNOV - Nasdaq - US58468P2065 - Common Stock - Currency: USD
Overall MNOV gets a technical rating of 0 out of 10. MNOV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% of all other stocks performed better in the past year than MNOV.
MNOV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MNOV has a been trading in the 1.25 - 1.45 range, which is quite wide. It is currently trading near the lows of this range.
Warning: MNOV has an average volume of 12096 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
MNOV is part of the Biotechnology industry. There are 555 other stocks in this industry, MNOV did better than 52% of them.
MNOV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.27, a Stop Loss order could be placed below this zone.
More info and screens
1.26
1.44
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.27 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.30 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.40 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for MNOV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MNOV is down. |
| ChartMill Relative Strength | 20.31 | NEGATIVE | MNOV has a low relative strength, it was outperformed by 79.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNOV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MNOV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MNOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.99 | NEUTRAL | The RSI value for MNOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MNOV has a negative trend. |
| Stochastics (14,3) | 19.9 | OVERSOLD | The low Stochastics value suggests MNOV may be oversold. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for MNOV suggests some volalility. |
| Average Directional Index/ADX (14) | 14.18 | NEGATIVE | The low ADX value for MNOV suggests a weak or negative 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)
NASDAQ:MNOV (7/2/2025, 8:00:00 PM)
1.27
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-5.22%
2 Weeks0.79%
1 Month-9.93%
3 Month2.42%
6 Month-40.38%
12 Month-9.93%
2 Year-46.64%
3 Year-45.02%
5 Year-79.58%
10 Year-66.13%
15 Year-73.76%
Volatility
ATR(14)0.06
ATR(20)%4.17%
ATR Inc-5.93%
Range Today0.06
ADR(20)0.05
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.31
Mansfield-2.84
10 Day High1.38
10 Day Low1.25
20 Day High1.45
20 Day Low1.25
52 Week High2.55
52 Week Low1.12
CS1 End1.27
CR1 Start1.34
Volume & EV
DER(3)-17.7%
DER(5)-11.66%
Volume10.50K
Volume Incr14.48%
Vol(5)13.45K
Vol(50)12.10K