MIND MEDICINE MINDMED INC (MNMD)
CA60255C8850 - Common Stock
Taking everything into account, MNMD scores 6 out of 10 in our technical rating. In the last year, MNMD was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
MNMD is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. MNMD outperforms 90% of them.
In the last month MNMD has a been trading in the 6.40 - 8.11 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MNMD has an average volume of 1409400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, MNMD did better than 92% 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 trading in the upper part of its 52 week range, so MNMD is lagging the market slightly.
MNMD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 6.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MNMD 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.
More info and screens
6.06
8.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.69 to 6.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.12 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 7.19 to 7.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.46 from a trend line in the daily time frame.
- Resistance @7.64 from a horizontal line in the daily time frame.
- Resistance @7.84 from a trend line in the weekly time frame.
- Resistance @8.32 from a trend 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
CRS92.6
Mansfield-0.82
10 Day High7.88
10 Day Low6.4
20 Day High8.11
20 Day Low6.4
52 Week High12.22
52 Week Low3.49
Performance
1 Week-5.9%
2 Weeks-0.55%
1 Month-4.01%
3 Month28.9%
6 Month1.41%
12 Month75.55%
2 Year110.56%
3 Year541.07%
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)-0.01
RSI(14)49.29
LBB6.68
UBB7.71
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.26 | 6.68 | 0.58 (7.99%) | 12.52% |
| An entry @7.26. This is a Buy Stop order right above the resistance zone. | An exit @6.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.58 points, which is 7.99%. | For a 1.00% total portfolio risk, you can invest 12.52% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MNMD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MIND MEDICINE MINDMED INC
NASDAQ:MNMD (1/3/2025, 8:00:01 PM)
After market: 7.2196 +0.04 (+0.55%)7.18
-0.36 (-4.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.77%
1 Week-5.9%
2 Weeks-0.55%
1 Month-4.01%
3 Month28.9%
6 Month1.41%
12 Month75.55%
2 Year110.56%
3 Year541.07%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%7.77%
ATR Inc27.74%
Range Today0.81
ADR(20)0.54
ADR(20)%7.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.6
Mansfield-0.82
10 Day High7.88
10 Day Low6.4
20 Day High8.11
20 Day Low6.4
52 Week High12.22
52 Week Low3.49
CS1 End6.83
CR1 Start7.19
Volume & EV
DER(3)4.79%
DER(5)0.84%
Volume2.07M
Volume Incr29.29%
Vol(5)1.40M
Vol(50)1.41M