MYMD PHARMACEUTICALS INC (MYMD) Stock Technical Analysis
NASDAQ:MYMD - Nasdaq - US62856X2018 - Common Stock - Currency: USD
Taking everything into account, MYMD scores 0 out of 10 in our technical rating. MYMD 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.
98% of all other stocks performed better in the past year than MYMD.
MYMD is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 84% are performing better than MYMD.
MYMD is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MYMD is lagging the market.
In the last month MYMD has a been trading in the 1.75 - 2.05 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MYMD does present a nice setup opportunity. 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
2.50
When analyzing the support we notice one important 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. |
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:MYMD (7/23/2024, 8:26:03 PM)
1.82
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0%
1 Week-4.21%
2 Weeks1%
1 Month-2.15%
3 Month-35.92%
6 Month-61.28%
12 Month-94.48%
2 Year-98.49%
3 Year-98.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%5.07%
ATR Inc2.96%
Range Today0.06
ADR(20)0.09
ADR(20)%4.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.36
Mansfield-8.36
10 Day High1.95
10 Day Low1.76
20 Day High2.05
20 Day Low1.75
52 Week High63.9
52 Week Low1.75
CS1 End1.79
CR1 Start1.82
Volume & EV
DER(3)-7.21%
DER(5)-9.24%
Volume24.30K
Volume Incr20.3%
Vol(5)25.22K
Vol(50)64.01K