Overall MNOV gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MNOV is a bad performer.
MNOV has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 1.50, a Stop Loss order could be placed below this zone.
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1.19
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.48 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.28 from a horizontal line 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 can see 3 important resistance areas.
- Resistance @1.54 from a trend line in the daily time frame.
- Resistance @1.57 from a trend line in the weekly time frame.
- 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 | UP | POSITIVE | The long term trend for MNOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNOV is up. |
| ChartMill Relative Strength | 33.27 | NEUTRAL | MNOV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MNOV is above a declining 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) | DOWN | MIXED | The current price of MNOV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.5 | 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) | 60 | NEUTRAL | The Stochastics value for MNOV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for MNOV suggests some volalility. |
| Average Directional Index/ADX (14) | 34.79 | POSITIVE | The high ADX value value for MNOV suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.55 | 1.47 | 0.08 (5.16%) | 19.37% |
| An entry @1.55. This is a Buy Stop order right above the resistance zone. | An exit @1.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.08 points, which is 5.16%. | For a 1.00% total portfolio risk, you can invest 19.37% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MNOV. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:MNOV (12/12/2025, 1:04:19 PM)
1.51
0 (0%)
MEDICINOVA INC / MNOV FAQ
What is the ChartMill technical rating of MEDICINOVA INC (MNOV) stock?
ChartMill assigns a technical rating of 6 / 10 to MNOV.
What is the trend direction for MNOV stock?
The current trend direction for MEDICINOVA INC (MNOV) is Bullish.
Can you provide the RSI signal for MEDICINOVA INC?
MEDICINOVA INC (MNOV) has an RSI value of 54.503. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MEDICINOVA INC?
The buy/sell signal for MEDICINOVA INC (MNOV) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for MEDICINOVA INC (MNOV) stock?
MEDICINOVA INC (MNOV) has a support level at 1.5 and a resistance level at 1.54. Check the full technical report for our detailed analysis of MNOV support and resistance levels.