BRIGHT MINDS BIOSCIENCES INC (DRUG) Stock Technical Analysis
NASDAQ:DRUG - Nasdaq - CA10919W4056 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to DRUG. DRUG was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month DRUG has a been trading in the 31.05 - 47.50 range, which is quite wide. It is currently trading near the lows of this range.
DRUG is one of the better performing stocks in the Biotechnology industry, it outperforms 100% of 572 stocks in the same industry.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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. This is in line with the S&P500 Index, which is also trading in the middle of its range.
DRUG has a poor technical rating and the quality of the setup is also not perfect 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
29.55
47.02
3 important support areas can be observed.
- Support @33.18 from a trend line in the daily time frame.
- Support @32.08 from a horizontal line in the weekly time frame.
- Support @29.85 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 37.19 to 37.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.63 from a trend line in the weekly time frame.
- Resistance @43.58 from a trend line in the daily time frame.
- Resistance @46.55 from a horizontal line 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
CRS99.99
Mansfield10.96
10 Day High38.62
10 Day Low31.05
20 Day High47.5
20 Day Low31.05
52 Week High79.02
52 Week Low0.93
Performance
1 Week-7.36%
2 Weeks-4.14%
1 Month-15.48%
3 Month-10.41%
6 Month2926.05%
12 Month2111.54%
2 Year1467.83%
3 Year354.82%
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)-0.31
RSI(14)44.96
LBB32.37
UBB38.4
NASDAQ:DRUG (3/7/2025, 8:20:20 PM)
34.5
-1.4 (-3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.9%
1 Week-7.36%
2 Weeks-4.14%
1 Month-15.48%
3 Month-10.41%
6 Month2926.05%
12 Month2111.54%
2 Year1467.83%
3 Year354.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.87
ATR(20)%9.65%
ATR Inc-45.73%
Range Today1.97
ADR(20)3.29
ADR(20)%9.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.99
Mansfield10.96
10 Day High38.62
10 Day Low31.05
20 Day High47.5
20 Day Low31.05
52 Week High79.02
52 Week Low0.93
CS1 End33.18
CR1 Start37.19
Volume & EV
DER(3)2.39%
DER(5)1.65%
Volume25.90K
Volume Incr-20.41%
Vol(5)50.06K
Vol(50)74.48K