Overall MYMD gets a technical rating of 0 out of 10. MYMD'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.
MYMD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.79, a Stop Loss order could be placed below this zone.
More info and screens
1.75
We found 1 important support area.
- A support zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.82 to 1.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.91 from a horizontal line in the daily time frame.
- Resistance @2.48 from a trend line in the daily 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 MYMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYMD is down. |
| ChartMill Relative Strength | 2.36 | NEGATIVE | MYMD has a low relative strength, it was outperformed by 97.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MYMD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MYMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.82 | NEUTRAL | The RSI value for MYMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MYMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.17 | NEUTRAL | The Stochastics value for MYMD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for MYMD suggests high volalility. |
| Average Directional Index/ADX (14) | 10.51 | NEGATIVE | The low ADX value for MYMD suggests a weak or negative trend. |
NASDAQ:MYMD (7/23/2024, 8:26:03 PM)
1.82
0 (0%)
MYMD PHARMACEUTICALS INC / MYMD FAQ
What is the ChartMill technical rating of MYMD PHARMACEUTICALS INC (MYMD) stock?
ChartMill assigns a technical rating of 0 / 10 to MYMD.
What is the trend direction for MYMD stock?
The current trend direction for MYMD PHARMACEUTICALS INC (MYMD) is Bearish.
What is the RSI signal for MYMD PHARMACEUTICALS INC (MYMD) stock?
MYMD PHARMACEUTICALS INC (MYMD) has an RSI value of 43.8209. This indicates that the stock is currently neutral.
What is the buy/sell signal for MYMD PHARMACEUTICALS INC (MYMD) stock?
The buy/sell signal for MYMD PHARMACEUTICALS INC (MYMD) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for MYMD PHARMACEUTICALS INC (MYMD) stock?
MYMD PHARMACEUTICALS INC (MYMD) has a support level at 1.79 and a resistance level at 1.82. Check the full technical report for our detailed analysis of MYMD support and resistance levels.