1.52 USD
+0.1 (+7.04%)
1.46 USD
-0.06 (-3.95%)
Taking everything into account, MNOV scores 5 out of 10 in our technical rating. In the last year, MNOV was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, MNOV is a bad performer in the overall market: 70% of all stocks are doing better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MNOV has a been trading in the 1.23 - 1.55 range, which is quite wide. It is currently trading near the high of this range.
MNOV has an average volume of 1237710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MNOV is an average performer in the Biotechnology industry, it outperforms 51% of 528 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MNOV has an average technical rating and it also does not offer a high 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
1.68
We found 5 important support areas.
- A support zone ranging from 1.51 to 1.52. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 1.40 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.28 to 1.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 1.24 to 1.25. 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.
We found 1 important resistance area.
- A resistance zone ranging from 1.66 to 1.66. 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 | NEUTRAL | NEUTRAL | The long term trend for MNOV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNOV is up. |
| ChartMill Relative Strength | 30.63 | 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) | UP | POSITIVE | The current price of MNOV is above the rising 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) | 63.3 | 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) | 74.03 | NEUTRAL | The Stochastics value for MNOV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MNOV suggests some volalility. |
| Average Directional Index/ADX (14) | 21.4 | 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)
1.52
+0.1 (+7.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.04%
1 Week14.29%
2 Weeks18.75%
1 Month0.66%
3 Month20.63%
6 Month19.7%
12 Month-22.45%
2 Year7.8%
3 Year-36.4%
5 Year-73.66%
10 Year-62.28%
15 Year-69.6%
Volatility
ATR(14)0.06
ATR(20)%3.74%
ATR Inc70.19%
Range Today0.12
ADR(20)0.06
ADR(20)%3.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.63
3 months CRS88.39
6 months CRS81
Mansfield-0.67
10 Day High1.54
10 Day Low1.23
20 Day High1.55
20 Day Low1.23
52 Week High2.06
52 Week Low1.13
CS1 End1.52
CR1 Start1.66
Volume & EV
DER(3)13.4%
DER(5)5.88%
Volume73.90K
Volume Incr-13.41%
Vol(5)68.68K
Vol(50)1.24M
MEDICINOVA INC / MNOV FAQ
What is the ChartMill technical rating of MEDICINOVA INC (MNOV) stock?
ChartMill assigns a technical rating of 5 / 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 63.3044. 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 0.0150017, indicating a bearish trend.
Can you provide the short term momentum for MEDICINOVA INC?
The short term momentum for MEDICINOVA INC (MNOV) is positive.