MAINZ BIOMED NV (MYNZ) Stock Technical Analysis
NASDAQ:MYNZ - Nasdaq - NL0015000LC2 - Common Stock - Currency: USD
Overall MYNZ gets a technical rating of 2 out of 10. In the past year, MYNZ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
99% of all other stocks performed better in the past year than MYNZ.
MYNZ is part of the Biotechnology industry. There are 556 other stocks in this industry, of which 86% are performing better than MYNZ.
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.
MYNZ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
MYNZ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.79
2.16
2 important support areas can be observed.
- Support @2.02 from a trend line in the daily time frame.
- Support @1.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.14 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 | UP | POSITIVE | The short term trend for MYNZ is up. |
| ChartMill Relative Strength | 1.36 | NEGATIVE | MYNZ has a low relative strength, it was outperformed by 98.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYNZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MYNZ is above 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) | 57.1 | NEUTRAL | The RSI value for MYNZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MYNZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.76 | NEUTRAL | The Stochastics value for MYNZ is a neutral value. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for MYNZ suggests high volalility. |
| Average Directional Index/ADX (14) | 27.03 | POSITIVE | The high ADX value value for MYNZ suggests a strong 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)
2.04
+0.05 (+2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.51%
1 Week7.94%
2 Weeks6.25%
1 Month45.71%
3 Month-42.21%
6 Month-54.16%
12 Month-84.81%
2 Year-98.81%
3 Year-99.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%8.93%
ATR Inc-45.86%
Range Today0.11
ADR(20)0.18
ADR(20)%8.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.36
Mansfield-7.13
10 Day High2.25
10 Day Low1.62
20 Day High2.25
20 Day Low1.34
52 Week High19
52 Week Low1.34
CS1 End2.02
CR1 Start2.14
Volume & EV
DER(3)-4.47%
DER(5)0.18%
Volume164.60K
Volume Incr-37%
Vol(5)136.82K
Vol(50)144.91K