MEDICINOVA INC (MNOV) Stock Technical Analysis
NASDAQ:MNOV - Nasdaq - US58468P2065 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MNOV. MNOV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
70% 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.
Warning: MNOV has an average volume of 13016 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 1.29 - 1.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MNOV is part of the Biotechnology industry. There are 559 other stocks in this industry, MNOV did better than 67% of them.
MNOV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
1.23
1.59
3 important support areas can be observed.
- Support @1.37 from a trend line in the weekly time frame.
- Support @1.26 from a trend line in the weekly time frame.
- Support @1.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.38 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.57 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for MNOV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MNOV is down. |
| ChartMill Relative Strength | 30.13 | 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 | NEGATIVE | The current price of MNOV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MNOV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.72 | NEUTRAL | The RSI value for MNOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MNOV has a negative trend. |
| Stochastics (14,3) | 41.13 | NEUTRAL | The Stochastics value for MNOV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for MNOV suggests some volalility. |
| Average Directional Index/ADX (14) | 13.09 | 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)
NASDAQ:MNOV (6/12/2025, 8:11:52 PM)
1.38
+0.02 (+1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.47%
1 Week-0.73%
2 Weeks-2.82%
1 Month0.73%
3 Month-10.97%
6 Month-34.29%
12 Month3.76%
2 Year-40%
3 Year-45.45%
5 Year-74.54%
10 Year-65.06%
15 Year-70.95%
Volatility
ATR(14)0.05
ATR(20)%4.14%
ATR Inc34.16%
Range Today0.07
ADR(20)0.05
ADR(20)%3.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.13
Mansfield-2.08
10 Day High1.45
10 Day Low1.32
20 Day High1.45
20 Day Low1.29
52 Week High2.55
52 Week Low1.12
CS1 End1.37
CR1 Start1.38
Volume & EV
DER(3)0.77%
DER(5)-1.01%
Volume9.30K
Volume Incr-28.9%
Vol(5)10.16K
Vol(50)13.02K