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(MNOV) Medicinova Inc complete technical analysis [charts+indicators] | Buy/Sell Medicinova Inc | (MNOV) share price targets

Complete technical analysis of Medicinova Inc (MNOV) by charts plus indicators, forecast predictions and share price targets for Medicinova Inc (MNOV)

Medicinova Inc trades in USA in Health Care sector.

10 day averaged volume of Medicinova Inc is 24622

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 1.42 1.40 1.45 1.40 0.359 times
16 Thu May 2024 1.44 1.47 1.47 1.39 0.473 times
15 Wed May 2024 1.49 1.47 1.49 1.46 0.136 times
14 Tue May 2024 1.48 1.53 1.53 1.45 1.698 times
13 Mon May 2024 1.52 1.53 1.54 1.48 1.45 times

My analysis of stock is bullish for shortterm, and stock might move up till 1.5 or till 1.6. Use a stoploss of 1.38 and if this stock hits its stoploss, then it can fall down till 1.3

Share price targets for Medicinova Inc (MNOV)

Target Type Value
Downside Target 1.26
Downside Target 1.38
Downside Target 1.41
Upside Target 1.50
Upside Target 1.52
Upside Target 1.54
Upside Target 1.55
Upside Target 1.59
Upside Target 1.64
Upside Target 1.70

Intraday share price targets for Medicinova Inc (MNOV)

Target Type Value
Downside Intraday Target 1.36
Downside Intraday Target 1.3
Upside Intraday Target 1.51
Upside Intraday Target 1.6
Upside Intraday Target 1.45

Weekly technical analysis of Medicinova Inc (MNOV)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 1.42 1.53 1.54 1.39 0.699 times
10 Fri May 2024 1.53 1.31 1.55 1.31 1.796 times
03 Fri May 2024 1.31 1.28 1.38 1.28 1.789 times
26 Fri Apr 2024 1.31 1.41 1.41 1.30 0.374 times
19 Fri Apr 2024 1.39 1.59 1.59 1.39 0.836 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 Medicinova Inc (MNOV)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 1.42 1.32 1.55 1.29 0.434 times
30 Tue Apr 2024 1.29 1.45 1.64 1.28 0.661 times
28 Thu Mar 2024 1.45 1.36 1.50 1.30 0.726 times
29 Thu Feb 2024 1.35 1.39 1.52 1.26 1.239 times

Price has moved up 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 Medicinova Inc (MNOV)

Indicator Name Indicator Value Indicator Signal
ADX 63, 63, 0 Sell
MACD 0, 0Buy
Stochastics 60None
CCI -16Sell
RSI 55Buy
OBV -11050Sell
VWAP 1Sell
ADL 0Sell
ROC 8Buy
Force Index 0Sell

Price action analysis of Medicinova Inc ( (MNOV) ) 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 Medicinova Inc ( (MNOV) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Medicinova Inc ( (MNOV) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Medicinova Inc ( (MNOV) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Medicinova Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Medicinova Inc in short term and the buy signal is strong.

Medicinova Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 Medicinova Inc in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Medicinova Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.44 and Medicinova Inc (MNOV) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Medicinova Inc (MNOV) stock. Volume based technical analysis of Medicinova Inc (MNOV) stock is negative.

Medicinova Inc Stock is giving positive 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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