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(MIND) Mitcham Industries complete technical analysis [charts+indicators] | Buy/Sell Mitcham Industries | (MIND) share price targets

Complete technical analysis of Mitcham Industries (MIND) by charts plus indicators, forecast predictions and share price targets for Mitcham Industries (MIND)

Mitcham Industries trades in USA in Technology sector.

10 day averaged volume of Mitcham Industries is 20120

Date Daily Closing Price Open High Low Volume
14 Tue May 2024 4.31 4.22 4.47 4.22 0.139 times
13 Mon May 2024 4.48 4.33 4.48 4.20 0.124 times
10 Fri May 2024 4.47 4.21 4.47 4.21 0.194 times
09 Thu May 2024 4.36 4.56 4.60 4.36 0.601 times
08 Wed May 2024 4.50 5.70 5.70 4.15 5.452 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4 as stoploss in an intra day buy trade for a target of 4.77. However, stock will show a bearish move below 4.

Share price targets for Mitcham Industries (MIND)

Target Type Value
Downside Target 4.02
Downside Target 4.15
Upside Target 4.48
Upside Target 5.61
Upside Target 5.80
Upside Target 5.99
Upside Target 6.39
Upside Target 6.40
Upside Target 6.50
Upside Target 6.53
Upside Target 6.85

Intraday share price targets for Mitcham Industries (MIND)

Target Type Value
Downside Intraday Target 4.18
Downside Intraday Target 4.05
Upside Intraday Target 4.46
Upside Intraday Target 4.61
Upside Intraday Target 4.33

Weekly technical analysis of Mitcham Industries (MIND)

Date Weekly Closing Price Open High Low Volume
14 Tue May 2024 4.31 4.33 4.48 4.20 0.039 times
10 Fri May 2024 4.47 5.89 5.99 4.15 0.775 times
03 Fri May 2024 5.80 4.30 6.40 4.30 26.179 times
26 Fri Apr 2024 4.15 4.19 4.29 4.06 1.241 times
19 Fri Apr 2024 4.19 4.21 4.28 4.02 0.136 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mitcham Industries (MIND)

Date Monthly Closing Price Open High Low Volume
14 Tue May 2024 4.31 6.14 6.39 4.15 1.088 times
30 Tue Apr 2024 6.10 4.72 6.40 4.02 2.657 times
28 Thu Mar 2024 4.56 6.24 6.50 4.30 2.065 times
29 Thu Feb 2024 6.05 6.33 6.53 5.80 0.421 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mitcham Industries (MIND)

Indicator Name Indicator Value Indicator Signal
ADX 24, 38, 23 Sell
MACD -0, 0Sell
Stochastics 12Sell
CCI -79Sell
RSI 46Sell
OBV -25700Sell
VWAP 5Sell
ADL 0Sell
ROC -29Sell
Force Index 0Sell

Price action analysis of Mitcham Industries ( (MIND) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mitcham Industries ( (MIND) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mitcham Industries ( (MIND) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mitcham Industries ( (MIND) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mitcham Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mitcham Industries in short term and the sell signal is strong.

Mitcham Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mitcham Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mitcham Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.99 and Mitcham Industries (MIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mitcham Industries (MIND) stock. Volume based technical analysis of Mitcham Industries (MIND) stock is negative.

Mitcham Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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