ISHARES MBS ETF (MBB) Stock Technical Analysis
NASDAQ:MBB - Nasdaq - US4642885887 - ETF - Currency: USD
Taking everything into account, MBB scores 4 out of 10 in our technical rating. In the last year, MBB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, MBB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 93.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 92.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MBB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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88.83
When analyzing the support we can see 2 important areas.
- A support zone ranging from 92.12 to 92.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 89.73 to 90.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 93.14 to 94.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 96.50 to 96.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MBB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MBB is neutral. |
| ChartMill Relative Strength | 33.75 | NEUTRAL | MBB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MBB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MBB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.82 | NEUTRAL | The RSI value for MBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MBB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.34 | NEUTRAL | The Stochastics value for MBB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for MBB suggests low volalility. |
| Average Directional Index/ADX (14) | 11.51 | NEGATIVE | The low ADX value for MBB suggests a weak or negative trend. |
93.06
+0.26 (+0.28%)