BEEP Technical Analysis - MOBILE INFRASTRUCTURE CORP

Technical Rating and Analysis

Overall BEEP gets a technical rating of 1 out of 10. BEEP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When compared to the yearly performance of all other stocks, BEEP outperforms 53% of them, which is more or less in line with the market.

BEEP is an average performer in the Commercial Services & Supplies industry, it outperforms 61% of 82 stocks in the same industry.

BEEP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BEEP is lagging the market.

In the last month BEEP has a been trading in the 3.17 - 3.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MOBILE INFRASTRUCTURE CORP / BEEP Weekly stock chart

MOBILE INFRASTRUCTURE CORP / BEEP Daily stock chart

Setup Rating and Analysis

BEEP has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.10

4.68

When analyzing the support we can see 2 important areas.

A support zone ranging from 3.50 to 3.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.13 to 3.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 3.65 to 3.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 4.49 to 4.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @4.63 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for BEEP is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BEEP is neutral.
ChartMill Relative Strength	53.33	NEUTRAL	BEEP is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BEEP is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of BEEP is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BEEP is below a declining SMA(200).
Relative Strength Index/RSI (14)	52.16	NEUTRAL	The RSI value for BEEP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests BEEP has a positive trend.
Stochastics (14,3)	65.73	NEUTRAL	The Stochastics value for BEEP is a neutral value.
Average True Range in percent/ATR (20)	6.16	HIGH VOLATILITY	The high ATR as a percentage value for BEEP suggests high volalility.
Average Directional Index/ADX (14)	14.45	NEGATIVE	The low ADX value for BEEP suggests a weak or negative trend.