Technical Analysis for MNOV - MediciNova, Inc.

Grade Last Price % Change Price Change
F 1.47 8.89% 0.12
MNOV closed up 1.5 percent on Wednesday, May 8, 2024, on 29 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
Earnings due: May 9
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 8.89%
50 DMA Resistance Bearish 8.89%
Shooting Star Candlestick Bearish 8.89%
Lizard Bearish Bearish Day Trade Setup 8.89%
Stochastic Buy Signal Bullish 8.89%
Doji - Bearish? Reversal 8.89%
Gapped Up Strength 8.89%
Up 3 Days in a Row Strength 8.89%
20 DMA Resistance Bearish 10.53%
50 DMA Resistance Bearish 10.53%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 2 hours ago
60 Minute Opening Range Breakout about 4 hours ago
1.5x Volume Pace about 4 hours ago
Up 10% about 4 hours ago
Gap Up Partially Closed about 6 hours ago

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Profile

MediciNova, Inc. Description

MediciNova, Inc., a development stage biopharmaceutical company, focuses on acquiring and developing small molecule therapeutics for the treatment of serious diseases for the United States market. The company's principal product candidates include MN-166, an ibudilast-based drug candidate, which is in Phase I and Phase II clinical trials for the treatment of drug dependence and pain; and MN-221, a ß2 -adrenergic receptor agonist that has completed Phase II clinical trials for the treatment of acute exacerbations of asthma. It also has other product candidates in the clinical development for the treatment of acute exacerbations of asthma, multiple sclerosis and other central nervous system disorders, bronchial asthma, interstitial cystitis, solid tumor cancers, generalized anxiety disorders/insomnia, preterm labor, urinary incontinence, and thrombotic disorders. MediciNova, Inc. was founded in 2000 and is headquartered in La Jolla, California.


Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Medicine Pain Clinical Development Medication Asthma Central Nervous System Disorders Multiple Sclerosis Respiratory Therapy Nervous System Disorders Solid Tumor Cancers Insomnia Molecule Therapeutics Pulmonology Urinary Incontinence Bronchial Asthma Interstitial Cystitis

Is MNOV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.66
52 Week Low 1.26
Average Volume 36,719
200-Day Moving Average 1.75
50-Day Moving Average 1.40
20-Day Moving Average 1.38
10-Day Moving Average 1.32
Average True Range 0.07
RSI (14) 47.09
ADX 13.82
+DI 17.41
-DI 14.66
Chandelier Exit (Long, 3 ATRs) 1.43
Chandelier Exit (Short, 3 ATRs) 1.49
Upper Bollinger Bands 1.56
Lower Bollinger Band 1.20
Percent B (%b) 0.41
BandWidth 26.40
MACD Line -0.03
MACD Signal Line -0.03
MACD Histogram -0.0018
Fundamentals Value
Market Cap 66.21 Million
Num Shares 49 Million
EPS -0.19
Price-to-Earnings (P/E) Ratio -7.11
Price-to-Sales 69.40
Price-to-Book 1.07
PEG Ratio -0.94
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.46
Resistance 3 (R3) 1.47 1.44 1.44
Resistance 2 (R2) 1.44 1.42 1.44 1.43
Resistance 1 (R1) 1.40 1.40 1.39 1.39 1.43
Pivot Point 1.37 1.37 1.37 1.37 1.37
Support 1 (S1) 1.33 1.35 1.32 1.32 1.27
Support 2 (S2) 1.30 1.33 1.30 1.27
Support 3 (S3) 1.26 1.30 1.26
Support 4 (S4) 1.25