BRIGHT MINDS BIOSCIENCES INC (DRUG) Stock Technical Analysis
NASDAQ:DRUG - Nasdaq - CA10919W4056 - Common Stock - Currency: USD
Taking everything into account, DRUG scores 6 out of 10 in our technical rating. In the last year, DRUG was one of the better performers, but we do observe some doubts in the very recent evolution.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
DRUG is part of the Biotechnology industry. There are 572 other stocks in this industry. DRUG outperforms 99% of them.
Looking at the yearly performance, DRUG did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
DRUG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRUG is lagging the market.
In the last month DRUG has a been trading in the 28.21 - 41.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DRUG has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
31.09
41.83
2 important support areas can be observed.
- Support @32.08 from a horizontal line in the weekly time frame.
- Support @31.40 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.00 to 41.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.79
Mansfield16.27
10 Day High37.86
10 Day Low28.21
20 Day High41.99
20 Day Low28.21
52 Week High79.02
52 Week Low0.93
Performance
1 Week24.26%
2 Weeks6.09%
1 Month-5.52%
3 Month-19.24%
6 Month3276.68%
12 Month1871.2%
2 Year1206.61%
3 Year260.29%
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)0.45
RSI(14)55.5
LBB28.51
UBB39.21
BRIGHT MINDS BIOSCIENCES INC
NASDAQ:DRUG (2/4/2025, 8:00:01 PM)
37.65
+0.4 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.07%
1 Week24.26%
2 Weeks6.09%
1 Month-5.52%
3 Month-19.24%
6 Month3276.68%
12 Month1871.2%
2 Year1206.61%
3 Year260.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.9
ATR(20)%7.78%
ATR Inc20.57%
Range Today1.71
ADR(20)2.88
ADR(20)%7.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.79
Mansfield16.27
10 Day High37.86
10 Day Low28.21
20 Day High41.99
20 Day Low28.21
52 Week High79.02
52 Week Low0.93
CS1 End32.08
CR1 Start41
Volume & EV
DER(3)3.76%
DER(5)2.02%
Volume58.60K
Volume Incr-34.77%
Vol(5)62.92K
Vol(50)119.18K