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. Certainly not because the S&P500 Index is trading near new highs.
Warning: MNOV has an average volume of 23068 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month MNOV has a been trading in the 1.21 - 1.46 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, MNOV outperforms 43% of them, which is more or less in line with the market.
MNOV is part of the Biotechnology industry. There are 553 other stocks in this industry, MNOV did better than 65% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MNOV is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.19
1.47
When analyzing the support we notice one important area.
- Support @1.20 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for MNOV is neutral. |
| ChartMill Relative Strength | 43.47 | 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 | MIXED | The current price of MNOV is above 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) | 69.21 | NEUTRAL | The RSI value for MNOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MNOV has a positive trend. |
| Stochastics (14,3) | 59.83 | NEUTRAL | The Stochastics value for MNOV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for MNOV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.03 | 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)
1.46
+0.22 (+17.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg17.74%
1 Week18.7%
2 Weeks14.98%
1 Month12.31%
3 Month-6.41%
6 Month-22.75%
12 Month11.45%
2 Year-38.66%
3 Year-36.8%
5 Year-76.53%
10 Year-61.07%
15 Year-69.83%
Volatility
ATR(14)0.05
ATR(20)%3.63%
ATR Inc193.33%
Range Today0.15
ADR(20)0.05
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.47
Mansfield-1.92
10 Day High1.46
10 Day Low1.21
20 Day High1.46
20 Day Low1.21
52 Week High2.55
52 Week Low1.12
CS1 End1.2
CR1 StartN/A
Volume & EV
DER(3)0.39%
DER(5)0.11%
Volume199.50K
Volume Incr220.29%
Vol(5)74.18K
Vol(50)23.07K