NYSE:MBC - US57638P1049 - Common Stock
We assign a technical rating of 7 out of 10 to MBC. MBC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although MBC has an excellent technical rating, it does not present a decent entry opportunity 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.
11.02
We found 3 important support areas.
2 important resistance areas can be observed.
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 MBC is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MBC is up. |
ChartMill Relative Strength | 54.48 | NEUTRAL | MBC is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MBC is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MBC is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MBC is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 63.25 | NEUTRAL | The RSI value for MBC is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MBC has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 65.22 | NEUTRAL | The Stochastics value for MBC is a neutral value. |
Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for MBC suggests some volalility. |
Average Directional Index/ADX (14) | 31.14 | POSITIVE | The high ADX value value for MBC suggests a strong trend. |
13.51
+0.45 (+3.45%)