Should I Buy MediciNova Inc Stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. MNOV has several negative signals and is within a falling trend, so we believe it will perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Our analysis conclusion for this stock is a Strong Sell candidate.
MNOV stock price ended at $1.33 on Monday, after rising 0%
The MediciNova Inc stock price increased by 0% on the last trading day (16 Jun 2025), rising from 1.3329 to 1.33. Throughout the last trading session, the stock experienced a fluctuation of 3.01% , ranging from a day low of $1.33 to a day high of 1.37. The price has declined in 4 of the last 10 days, resulting in a total change of -4.32% during this period. On the last day, trading volume increase by -6.32K shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 3.02K shares were traded, amounting to approximately 4.01K.
MNOV Technical Signals
MNOV(MediciNova Inc Corp) has 3 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-05-28. The total price change during this trend is -6.34%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of MNOV over the last 5 trading days is 13.19K. Overall, the technical indicator signals lean more toward a Neutral outlook in the mid-term.
MNOV Moving Average Analysis
MediciNova Inc's overall moving average trend leans more bearish as of Monday, June 16, 2025, with 4 negative signals and 0 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $1.4686766666666664, and $1.5183366666666664. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $1.3079966666666667, and $1.2583366666666667. A break-down below any of these levels will issue sell signals.
MNOV Short Selling Analysis
The short sale ratio of MediciNova Inc(MNOV) as of 13 Jun 2025 is 18.89%, dropping from last trading day. With decreasing price from 1.38 to 1.33. The short sell activity indicate that short sellers may be anticipating price hit a bottom.
Technical Signal
Technical Signals Summary
Sell
4
Buy
3
Moving Average
Swing
NegativeStock Price Below SMA_5
Short Term
NegativeSMA_5 Below SMA_20
Mid Term
NegativeSMA_20 Below SMA_60
Long Term
NegativeSMA_60 Below SMA_200
Short Selling
Close Price
Short Sale Ratio
Short Sale Volume
3 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish
Indicators
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-164.508
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
12.155
Bullish
Williams %R (14 days)
WILLR_14 < -80
-92.521
Bullish
4 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish
Indicators
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.0487
Bearish
Momentum (10 days)
MOM_10 < 0
-0.06
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.0189
Bearish
Closing price
close < fibonacci_S1
1.33
Bearish
MNOV Price Prediction & Forecast by Similar Chart Analysis
Based on historical patterns and backtesting of stocks with similar movements to MediciNova Inc(MNOV), our algorithm predicts MNOV's 1-month price at $1.59, with an 19.42%upwardshift. Using a similarity score up to 93.48%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for MediciNova Inc (MNOV.O) stock, as of Sunday, June 15, 2025 , forecasts a 19.42% change over the next month, based on its high correlation with MUR.N stock patterns. The similarity between their price movements over the analyzed periods is 93.48%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
MNOV
No Data
MUR
Up: 19.42%Similarity: 93.48%
Name
Similarity
Up/Down
MUR.N
93.48%
+19.42%
EFOI.O
92.91%
-22.64%
CNET.O
92.59%
+23.19%
MIRA.O
92.56%
-48.99%
UL.N
92.45%
-4.29%
NYXH.O
92.41%
-13.67%
JKS.N
92.32%
-1.08%
PSEC.O
92.29%
+203.10%
GLYC.O
92.06%
-0.59%
ZYME.O
91.93%
-14.11%
MNOV Seasonality Analysis
Based on MNOV's historical stock price data across all years, the probability of a positive return in June is54.55%, suggesting it maybe an ideal month to invest in MNOV. In contrast,Novemberoffers the highest probability of positive returns at60.00%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.
Monthly Seasonality
The radar chart shows that buying MediciNova Inc (MNOV.O) stock in November has the highest probability of a positive return (60.00%), while December has the lowest probability (20.00%).
Performance Seasonality
The chart shows MediciNova Inc. (MNOV)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.
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