BRIGHT MINDS BIOSCIENCES INC (DRUG)

CA10919W4056 - Common Stock

39.88  -0.3 (-0.75%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to DRUG. Both in the recent history as in the last year, DRUG has proven to be a steady performer, scoring decent points in every aspect analyzed.

In the last month DRUG has a been trading in the 36.06 - 49.46 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
DRUG is one of the better performing stocks in the Biotechnology industry, it outperforms 100% of 565 stocks in the same industry.
DRUG has an average volume of 1106680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that DRUG is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
DRUG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRUG is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
DRUG Weekly chart
DRUG Daily chart
Setup Rating and Analysis

5

DRUG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for DRUG in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

34.97

40.59

2 important support areas can be observed.

  • Support @37.35 from a horizontal line in the daily time frame.
  • Support @35.32 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 40.07 to 40.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.96
Mansfield28.96
10 Day High43.4
10 Day Low36.06
20 Day High49.46
20 Day Low36.06
52 Week High79.02
52 Week Low0.93
Performance
1 Week1.97%
2 Weeks0.96%
1 Month1.79%
3 Month3168.85%
6 Month3576.93%
12 Month2688.81%
2 Year977.84%
3 Year151.61%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.15
RSI(14)52.06
LBB36.87
UBB40.96
DRUG Daily chart

BRIGHT MINDS BIOSCIENCES INC

NASDAQ:DRUG (12/27/2024, 6:10:11 PM)

39.88

-0.3 (-0.75%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.75%
1 Week1.97%
2 Weeks0.96%
1 Month1.79%
3 Month3168.85%
6 Month3576.93%
12 Month2688.81%
2 Year977.84%
3 Year151.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.14
ATR(20)%9.36%
ATR Inc18.63%
Range Today3.2
ADR(20)3.73
ADR(20)%9.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.96
Mansfield28.96
10 Day High43.4
10 Day Low36.06
20 Day High49.46
20 Day Low36.06
52 Week High79.02
52 Week Low0.93
CS1 End37.35
CR1 Start40.07
Volume & EV
DER(3)3.55%
DER(5)3.72%
Volume90.72K
Volume Incr-60.02%
Vol(5)67.54K
Vol(50)1.11M