MNOV Stock Price Prediction

MediciNova Inc

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1.240

-0.100(-7.460%)

Overview
Forecast
Valuation

MNOV stock price ended at $1.24 on Friday, afterlosing-7.46%

TheMediciNova Inc stock pricedecreasedby -7.46%on the last trading day (Friday Apr 2025), dropping from to . Throughout the last trading session, the stock experienced a fluctuation of % , ranging from a day low of $ to a day high of . The price has declined inof the lastdays, resulting in a total change of%during this period. On the last day, trading volumeincreasebyshares, with the fallingprices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, NaN shares were traded, amounting to approximately NaN.

MNOV Technical Signals

MNOV(MediciNova Inc Corp) has 6 buy signals and 4 sell signals now. The current trend is uptrend starting from 2025-03-25. The total price change during this trend is -13.61%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal.The average turnover of MNOVover the last 5 trading days is 33.87K. Overall, the technical indicator signals lean more toward a bearish outlook in the mid-term.

MediciNova Inc's overall moving average trend leans more bearish as of Monday, April 7, 2025, with 3 negative signals and 1positive 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 $1.58, and $1.68. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $1.25, and $1.14. A break-down below any of these levels will issue sell signals.

Summary

Buy

Sell

Buy

Moving Average

Swing

Negative

Stock Price Below SMA_5

Short Term

Negative

SMA_5 Below SMA_20

Mid Term

Negative

SMA_20 Below SMA_60

Long Term

Positive

SMA_60 Above SMA_200

Short Selling

Close Price

Short Sale Ratio

Short Sale Volume

6 Bullish Signals

When Value satisfies Signal, Indicator signals Bullish

Indicators

Signal

Value

Meaning

Relative Strength Index (14 days)

RSI_14 < 30

24.96

Bullish

Stochastic Oscillator %K (14, 3, 3)

STOCHk_14_3_3 < 20

3.7

Bullish

Commodity Channel Index (20 days, 0.015 constant)

CCI_20_0.015 < -100

-306.06

Bullish

Stochastic RSI %K (14, 14, 3, 3)

STOCHRSIk_14_14_3_3 < 20

Bullish

Williams %R (14 days)

WILLR_14 < -80

-100

Bullish

Ultimate Oscillator (7, 14, 28)

UO_7_14_28 < 30

24.75

Bullish

4 Bearish Signals

When Value satisfies Signal, Indicator signals Bearish

Indicators

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 < 0

-0.19

Bearish

Momentum (10 days)

MOM_10 < 0

-0.26

Bearish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 < 0

-0.09

Bearish

Closing price

close < fibonacci_S1

1.27

Bearish

MNOV Price Prediction & Forecast

Based on historical patterns and backtesting of stocks with similar movements to MediciNova Inc(MNOV), our algorithm predicts MNOV's 1-month price at $1.34, with an 7.87%upwardshift. Using a similarity score up to 96.76%and other factors, This forecast updates weekly, adjusting for significant deviations.

Based on MNOV's historical stock price data across all years, the probability of a positive return in April is36.36%, suggesting it maynotbe an ideal month to invest in MNOV. In contrast,Juneoffers 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.

Should I Buy MediciNova Inc Stock?

Similar Chart

The price prediction chart forMediciNova Inc (MNOV.O)stock, as ofSunday, April 6, 2025, forecasts a7.87%change over the next month, based on its high correlation withPG.N stock patterns. The similarity between their price movements over the analyzed periods is96.76%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.

MNOV

Future prediction

Up: 7.87%

Up: 7.87%Similarity: 96.76%

Name

Similarity

Up/Down

PG.N

96.76%

+7.87%

SKIN.O

96.52%

+3.05%

CHX.O

96.39%

-71.47%

PKOH.O

96.34%

-23.46%

RDN.N

96.25%

-17.14%

NVX.O

96.18%

-14.55%

OPI.O

96.02%

+6.35%

Monthly Seasonality

The radar chart shows that buying MediciNova Inc (MNOV.O) stock in June 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.