MYMD PHARMACEUTICALS INC (MYMD) Stock Technical Analysis
USA - NASDAQ:MYMD - US62856X2018 - Common Stock
We assign a technical rating of 0 out of 10 to MYMD. 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.
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.
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1.75
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.
3 important resistance areas can be observed.
- 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 current trend direction of MYMD PHARMACEUTICALS INC (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.
Can you provide the MACD signal for MYMD PHARMACEUTICALS INC?
The MACD indicator for MYMD PHARMACEUTICALS INC (MYMD) has a value of 0.0152845, indicating a bearish trend.
What is the support and resistance level for 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.