MEDICINOVA INC (MNOV) Technical Analysis
NASDAQ:MNOV • US58468P2065
Current stock price
MNOV Technical Rating and Analysis
Taking everything into account, MNOV scores 3 out of 10 in our technical rating. 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 62% of all stocks.
- MNOV is an average performer in the Biotechnology industry, it outperforms 49% of 517 stocks in the same industry.
- MNOV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MNOV is lagging the market slightly.
- In the last month MNOV has a been trading in the 1.29 - 1.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MNOV Weekly and Daily overview Charts
MNOV Setup Rating and Analysis
Although the technical rating is bad, MNOV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.37, a Stop Loss order could be placed below this zone.
More info and screens
MNOV Support and Resistance Analysis
1.22
3 important support areas can be observed.
- A support zone ranging from 1.33 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.27 to 1.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.47 to 1.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.57 to 1.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.78 from a trend line in the weekly time frame.
MNOV Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for MNOV is neutral. |
| ChartMill Relative Strength | 62.06 | 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) | DOWN | NEGATIVE | The current price of MNOV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNOV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.19 | NEUTRAL | The RSI value for MNOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MNOV has a positive trend. |
| Stochastics (14,3) | 29.06 | NEUTRAL | The Stochastics value for MNOV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MNOV suggests some volalility. |
| Average Directional Index/ADX (14) | 11.74 | NEGATIVE | The low ADX value for MNOV suggests a weak or negative trend. |
MNOV Chart- and CandleStick Pattern Analysis
MNOV Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MNOV (4/2/2026, 8:00:01 PM)
1.44
+0.02 (+1.41%)
MEDICINOVA INC / MNOV TA FAQ
What is the ChartMill technical rating of MEDICINOVA INC (MNOV) stock?
ChartMill assigns a technical rating of 3 / 10 to MNOV.
What is the current trend direction of MEDICINOVA INC (MNOV) stock?
The current trend direction for MEDICINOVA INC (MNOV) is Bearish.
What is the RSI signal for MNOV stock?
MEDICINOVA INC (MNOV) has an RSI value of 50.1895. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEDICINOVA INC?
The MACD indicator for MEDICINOVA INC (MNOV) has a value of 0.00364958, indicating a bearish trend.
What is the support and resistance level for MNOV stock?
MEDICINOVA INC (MNOV) has a support level at 1.37 and a resistance level at 1.47. Check the full technical report for our detailed analysis of MNOV support and resistance levels.