MEDICINOVA INC (MNOV) Stock Technical Analysis
NASDAQ:MNOV - Nasdaq - US58468P2065 - Common Stock - Currency: USD
Overall MNOV gets a technical rating of 1 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
64% 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.
MNOV is an average performer in the Biotechnology industry, it outperforms 59% of 549 stocks in the same industry.
In the last month MNOV has a been trading in the 1.24 - 1.50 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 has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.19
1.47
3 important support areas can be observed.
- Support @1.28 from a trend line 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 3 important areas.
- A resistance zone ranging from 1.32 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.42 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.46 to 1.46. 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 | 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 | 36.27 | NEUTRAL | MNOV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MNOV is below 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) | 48.66 | NEUTRAL | The RSI value for MNOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MNOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.67 | NEUTRAL | The Stochastics value for MNOV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for MNOV suggests high volalility. |
| Average Directional Index/ADX (14) | 20.07 | NEUTRAL | The ADX value for MNOV suggests a possible start of a new 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 (8/20/2025, 8:11:45 PM)
1.31
+0.01 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.77%
1 Week3.15%
2 Weeks-3.68%
1 Month4.01%
3 Month-7.09%
6 Month-28.42%
12 Month7.38%
2 Year-46.31%
3 Year-38.5%
5 Year-75%
10 Year-55.59%
15 Year-73.05%
Volatility
ATR(14)0.06
ATR(20)%5.63%
ATR Inc-26%
Range Today0.04
ADR(20)0.07
ADR(20)%5.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.27
Mansfield-2.74
10 Day High1.4
10 Day Low1.25
20 Day High1.5
20 Day Low1.24
52 Week High2.55
52 Week Low1.13
CS1 End1.28
CR1 Start1.32
Volume & EV
DER(3)1.05%
DER(5)-9.97%
Volume7.70K
Volume Incr-72.24%
Vol(5)14.06K
Vol(50)31.25K