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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 284370

Date Daily Closing Price Open High Low Volume
25 Mon Nov 2024 2.05 2.11 2.13 2.00 0.175 times
22 Fri Nov 2024 2.13 1.96 2.13 1.93 0.222 times
21 Thu Nov 2024 2.00 1.92 2.05 1.92 0.286 times
20 Wed Nov 2024 1.95 1.95 1.97 1.82 0.21 times
19 Tue Nov 2024 1.90 1.79 1.94 1.79 0.167 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2, but if it comes below 2, then a intra day sell could be more profitable.
If you take a sell trade below 2, then use 2 as stoploss and 1.8 as target. However if you take a buy trade in stock , then use 2 as stoploss and 2.3 as target.

Share price targets for Medicinova Inc (MNOV)

Target Type Value
Downside Target 1.12
Downside Target 1.29
Downside Target 1.41
Downside Target 1.47
Downside Target 1.57
Downside Target 1.70
Downside Target 1.85
Downside Target 2.00
Upside Target 2.10
Upside Target 2.13
Upside Target 2.15
Upside Target 2.55

Intraday share price targets for Medicinova Inc (MNOV)

Target Type Value
Downside Intraday Target 1.99
Downside Intraday Target 1.93
Upside Intraday Target 2.12
Upside Intraday Target 2.19
Upside Intraday Target 2.06

Weekly technical analysis of Medicinova Inc (MNOV)

Date Weekly Closing Price Open High Low Volume
25 Mon Nov 2024 2.05 2.11 2.13 2.00 0.136 times
22 Fri Nov 2024 2.13 1.79 2.13 1.70 0.148 times
15 Fri Nov 2024 1.83 1.55 2.55 1.49 45.76 times
08 Fri Nov 2024 1.53 1.69 1.73 1.41 0.412 times
01 Fri Nov 2024 1.66 1.58 1.85 1.57 1.711 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
25 Mon Nov 2024 2.05 1.70 2.55 1.41 8.783 times
31 Thu Oct 2024 1.68 2.10 2.10 1.57 0.218 times
30 Mon Sep 2024 2.10 1.52 2.15 1.50 2.452 times
30 Fri Aug 2024 1.50 1.33 1.50 1.12 2.564 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Medicinova Inc (MNOV)

Indicator Name Indicator Value Indicator Signal
ADX 50, 28, 29 Buy
MACD 0, 0Buy
Stochastics 50None
CCI 63Sell
RSI 59Buy
OBV 1885900Sell
VWAP 2Sell
ADL 0Sell
ROC 34Buy
Force Index 0Sell

Price action analysis of Medicinova Inc ( (MNOV) ) based on a short 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 short 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 Medicinova Inc in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.19 and Medicinova Inc (MNOV) 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 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 positive

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

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