MEDICINOVA INC (MNOV) Stock Technical Analysis
NASDAQ:MNOV • US58468P2065
Taking everything into account, MNOV scores 2 out of 10 in our technical rating. MNOV performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 77% of all other stocks performed better in the past year than MNOV.
- In the last month MNOV has a been trading in the 1.47 - 1.92 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- MNOV is an average performer in the Biotechnology industry, it outperforms 47% of 521 stocks in the same industry.
- MNOV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MNOV is lagging the market.
- 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 not perfect 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
1.23
4 important support areas can be observed.
- A support zone ranging from 1.47 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.35 from a trend line in the daily time frame.
- A support zone ranging from 1.27 to 1.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.51 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.64 to 1.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.83 from a trend line in the weekly 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 | 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 | 23.13 | NEGATIVE | MNOV has a low relative strength, it was outperformed by 76.87% 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 | MIXED | The current price of MNOV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.35 | NEUTRAL | The RSI value for MNOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MNOV has a negative trend. |
| Stochastics (14,3) | 19.7 | OVERSOLD | The low Stochastics value suggests MNOV may be oversold. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for MNOV suggests high volalility. |
| Average Directional Index/ADX (14) | 16.18 | NEGATIVE | The low ADX value for MNOV suggests a weak or negative trend. |
NASDAQ:MNOV (2/20/2026, 8:00:01 PM)
1.5
-0.05 (-3.23%)
MEDICINOVA INC / MNOV FAQ
What is the ChartMill technical rating of MEDICINOVA INC (MNOV) stock?
ChartMill assigns a technical rating of 2 / 10 to MNOV.
What is the current trend direction of MEDICINOVA INC (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 42.3531. 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 -0.0234401, indicating a bearish trend.
Can you provide the short term momentum for MEDICINOVA INC?
The short term momentum for MEDICINOVA INC (MNOV) is neutral.