MAINZ BIOMED NV (MYNZ) Stock Technical Analysis
USA - NASDAQ:MYNZ - NL0015000LC2 - Common Stock
1.41 USD
-0.07 (-4.73%)
1.32 USD
-0.09 (-6.38%)
We assign a technical rating of 0 out of 10 to MYNZ. MYNZ 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 MYNZ.
MYNZ is one of the lesser performing stocks in the Biotechnology industry. 87% of 536 stocks in the same industry do better.
MYNZ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MYNZ has a been trading in the 1.28 - 1.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MYNZ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.40
1.74
When analyzing the resistance we notice 3 important areas.
- Resistance @1.47 from a trend line in the daily time frame.
- Resistance @1.53 from a trend line in the daily time frame.
- Resistance @1.72 from a horizontal 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 MYNZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYNZ is down. |
| ChartMill Relative Strength | 2.13 | NEGATIVE | MYNZ has a low relative strength, it was outperformed by 97.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYNZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MYNZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MYNZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.75 | NEUTRAL | The RSI value for MYNZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MYNZ has a negative trend. |
| Stochastics (14,3) | 41.83 | NEUTRAL | The Stochastics value for MYNZ is a neutral value. |
| Average True Range in percent/ATR (20) | 9.24 | HIGH VOLATILITY | The high ATR as a percentage value for MYNZ suggests high volalility. |
| Average Directional Index/ADX (14) | 17.99 | NEGATIVE | The low ADX value for MYNZ 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)
1.41
-0.07 (-4.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.73%
1 Week-7.24%
2 Weeks-14.02%
1 Month-14.55%
3 Month-25.4%
6 Month-56.21%
12 Month-88.37%
2 Year-98.25%
3 Year-99.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%9.24%
ATR Inc-29.6%
Range Today0.1
ADR(20)0.13
ADR(20)%9.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.13
Mansfield-6.77
10 Day High1.75
10 Day Low1.28
20 Day High1.75
20 Day Low1.28
52 Week High14.39
52 Week Low1.28
CS1 EndN/A
CR1 Start1.47
Volume & EV
DER(3)-20.09%
DER(5)-11.49%
Volume126.30K
Volume Incr-42.1%
Vol(5)253.08K
Vol(50)248.60K