MIND MEDICINE MINDMED INC (MNMD) Stock Technical Analysis
NASDAQ:MNMD - Nasdaq - CA60255C8850 - Common Stock - Currency: USD
Taking everything into account, MNMD scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, MNMD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MNMD is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 89% of 194 stocks in the same industry.
MNMD has an average volume of 2036810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MNMD did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MNMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MNMD is lagging the market.
In the last month MNMD has a been trading in the 6.48 - 10.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MNMD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
6.46
7.71
When analyzing the support we can see 6 important areas.
- A support zone ranging from 7.49 to 7.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.25 from a trend line in the daily time frame.
- Support @7.05 from a trend line in the weekly time frame.
- Support @6.89 from a trend line in the daily time frame.
- Support @6.78 from a horizontal line in the weekly time frame.
- Support @6.53 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.62
Mansfield-0.77
10 Day High10.44
10 Day Low7.63
20 Day High10.44
20 Day Low6.48
52 Week High12.22
52 Week Low4.66
Performance
1 Week-11.79%
2 Weeks-14.94%
1 Month6.12%
3 Month0.93%
6 Month26.74%
12 Month55.4%
2 Year105.11%
3 Year525.41%
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)-0.06
RSI(14)47.18
LBB7.2
UBB9.68
7.63
-0.55 (-6.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-6.72%
1 Week-11.79%
2 Weeks-14.94%
1 Month6.12%
3 Month0.93%
6 Month26.74%
12 Month55.4%
2 Year105.11%
3 Year525.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%11.55%
ATR Inc-37.42%
Range Today0.88
ADR(20)0.85
ADR(20)%11.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.62
Mansfield-0.77
10 Day High10.44
10 Day Low7.63
20 Day High10.44
20 Day Low6.48
52 Week High12.22
52 Week Low4.66
CS1 End7.62
CR1 StartN/A
Volume & EV
DER(3)-9.61%
DER(5)-6%
Volume2.24M
Volume Incr86.18%
Vol(5)4.45M
Vol(50)2.04M