MMEDF Stock Technical Analysis

MMEDF -  USA Stock  

USD 4.69  0.46  10.87%

As of the 16th of October 2021, Mind Medicine secures the Downside Deviation of 4.84, mean deviation of 5.71, and Risk Adjusted Performance of 0.0707. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mind Medicine, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down nineteen technical drivers for Mind Medicine, which can be compared to its peers in the industry. Please verify Mind Medicine value at risk, and the relationship between the jensen alpha and semi variance to decide if Mind Medicine is priced some-what accurately, providing market reflects its recent price of 4.69 per share. Given that Mind Medicine has jensen alpha of 0.7891, we recommend you to check Mind Medicine's last-minute market performance to make sure the company can sustain itself at a future point.

MMEDF Technical Analysis 

 
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Mind Medicine technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Mind Medicine technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mind Medicine trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Mind Medicine Technical Analysis

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Mind Medicine Trend Analysis

Use this graph to draw trend lines for Mind Medicine. You can use it to identify possible trend reversals for Mind Medicine as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mind Medicine price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Mind Medicine Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mind Medicine applied against its price change over selected period. The best fit line has a slop of   -0.02  , which may suggest that Mind Medicine market price will keep on failing further. It has 122 observation points and a regression sum of squares at 9.56, which is the sum of squared deviations for the predicted Mind Medicine price change compared to its average price change.

About Mind Medicine Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mind Medicine on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mind Medicine based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mind Medicine stock first instead of the macroeconomic environment surrounding Mind Medicine. By analyzing Mind Medicine's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mind Medicine's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mind Medicine specific price patterns or momentum indicators. Please read more on our technical analysis page.

Mind Medicine October 16, 2021 Technical Indicators

Most technical analysis of MMEDF help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MMEDF from various momentum indicators to cycle indicators. When you analyze MMEDF charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Mind Medicine October 16, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as MMEDF stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, see Stocks Correlation. Note that the Mind Medicine information on this page should be used as a complementary analysis to other Mind Medicine's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for MMEDF Stock

When running Mind Medicine price analysis, check to measure Mind Medicine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mind Medicine is operating at the current time. Most of Mind Medicine's value examination focuses on studying past and present price action to predict the probability of Mind Medicine's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mind Medicine's price. Additionally, you may evaluate how the addition of Mind Medicine to your portfolios can decrease your overall portfolio volatility.
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