So What’s Better: MediciNova, Inc. ($MNOV) Or BioLineRx Ltd. ($BLRX)?

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Pharmaceuticals industry are trading: MediciNova, Inc. and BioLineRx Ltd.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, MediciNova, Inc. opened at 8.47, got to a maximum price of 9.18 and dropped to as low as 8.45 before finishing the session at 9.1. In total there were 220000 shares traded, which is enough to conduct our analysis. Compare that now to BioLineRx Ltd., which opened at 3.07, had a high of 3.2, a low of 3.04, closed at 3.18 and had a total volume of 33200.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator MediciNova, Inc. BioLineRx Ltd.
Accumulation-distribution index 17.98268 -8678.45231
on-balance volume -8.37 -3.1
chaikin money flow

1.05634 1.46154
force index

0.418 0.0051
ease of movement rating

0.01374 0.0
volume-price trend

-1.28729 5.07599
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator MediciNova, Inc. BioLineRx Ltd.
Average true range 0.3124 0.11521
Bolinger bands 8.64198 3.07657
Upper bollinger band 8.04802 2.96343
Lower bollinger band

8.45 3.04
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

8.7 3.10333
High band keltner channel

7.99 2.97333
Low band keltner channel

9.41 3.23333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

8.45 3.04
Donchain channel low band

8.45 3.04
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator MediciNova, Inc. BioLineRx Ltd.
Moving Average Convergence Divergence (MACD) trend_macd -0.0009
MACD signal -0.00262 -0.0005
MACD difference -0.00209 -0.0004
fast Exponential Moving Average (EMA) indicator

8.45 3.04
slow Exponential Moving Average (EMA) indicator

8.45 3.04
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.04826 0.2091

-11.23431 75.07927
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

1.38806 -1.86011
KST Oscillator (KST)

-141.091 1576.51355
KST Oscillator (KST Signal)

-141.091 1576.51355
KST difference

-5.33642 -8.47537
Ichimoku rating

8.825 3.135
Ichimoku B rating

8.825 3.135
Ichimoku visual trend A

10.08503 1.53899
Ichimoku visual trend B

9.88964 2.22859
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator MediciNova, Inc. BioLineRx Ltd.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 24.0939 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-110.9318 98.41279
stochastic oscillator

102.8169 123.07692
stochastic oscillator signal

102.8169 123.07692
Williams %R rating

2.8169 23.07692
awesome oscillator

-0.081 -0.00306

RETURNS: That’s all for technical analysis. Now let’s just list the returns for MediciNova, Inc. and BioLineRx Ltd..

Daily return -14.1091 157.65136
Daily log return -2.51661 -1.32452
Cumulative return -2.48521 -1.31579

So there you have it: our deep, grueling analysis comparing MediciNova, Inc. and BioLineRx Ltd. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s MediciNova, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether MNOV is strong or weak. Again – this is not a reliable indication of whether MediciNova, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with BioLineRx Ltd.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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