MASTERBEEF GROUP (MB) Technical Analysis
NASDAQ:MB • KYG6001H1011
Current stock price
MB Technical Rating and Analysis
Overall MB gets a technical rating of 8 out of 10. MB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Warning: MB has an average volume of 23730 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- MB is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. MB outperforms 99% of them.
- In the last month MB has a been trading in the 5.34 - 8.99 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, MB did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- MB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MB is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MB Weekly and Daily overview Charts
MB Setup Rating and Analysis
Although MB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MB Support and Resistance Analysis
4.39
When analyzing the support we can see 3 important areas.
- Support @6.16 from a trend line in the daily time frame.
- Support @5.62 from a horizontal line in the daily time frame.
- A support zone ranging from 4.43 to 4.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
MB 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 | NEUTRAL | NEUTRAL | The long term trend for MB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MB is up. |
| ChartMill Relative Strength | 96.92 | POSITIVE | MB has a high relative strength, it outperformed 96.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 83.74 | OVERBOUGHT | The high RSI value suggests MB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests MB has a positive trend. |
| Stochastics (14,3) | 87.71 | OVERBOUGHT | The high Stochastics value suggests MB may be overbought. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for MB suggests high volalility. |
| Average Directional Index/ADX (14) | 40.74 | POSITIVE | The high ADX value value for MB suggests a strong trend. |
MB Chart- and CandleStick Pattern Analysis
MB Technicals: Chart, Performance Metrics, Trend & Indicators
8.78
+0.14 (+1.62%)
MASTERBEEF GROUP / MB TA FAQ
What is the technical rating for MB stock?
ChartMill assigns a technical rating of 8 / 10 to MB.
What is the current trend direction of MASTERBEEF GROUP (MB) stock?
The current trend direction for MASTERBEEF GROUP (MB) is Bearish.
What is the RSI signal for MB stock?
MASTERBEEF GROUP (MB) has an RSI value of 83.7389. This indicates that the stock is currently overbought.
What is the MACD signal for MASTERBEEF GROUP (MB) stock?
The MACD indicator for MASTERBEEF GROUP (MB) has a value of 0.301637, indicating a bearish trend.
What are the support and resistance levels for MASTERBEEF GROUP (MB) stock?
MASTERBEEF GROUP (MB) has a support level at 6.16. Check the full technical report for our detailed analysis of MB support and resistance levels.