MYMD PHARMACEUTICALS INC (MYMD) Technical Analysis
NASDAQ:MYMD • US62856X2018
Current stock price
MYMD Technical Rating and Analysis
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.
- 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 193 other stocks in this industry, of which 81% 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.
MYMD Weekly and Daily overview Charts
MYMD Setup Rating and Analysis
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
MYMD Support and Resistance Analysis
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.
MYMD Technical Indicator Signal Analysis
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. |
MYMD Chart- and CandleStick Pattern Analysis
MYMD Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MYMD (7/23/2024, 8:26:03 PM)
1.82
0 (0%)
MYMD PHARMACEUTICALS INC / MYMD TA 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.