MBIA INC (MBI)       9.36  +0.09 (+0.97%)

9.36  +0.09 (+0.97%)

US55262C1009 - Common Stock - After market: 9.36 0 (0%)

Technical Rating

0

Taking everything into account, MBI scores 0 out of 10 in our technical rating. MBI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
76% of all other stocks performed better in the past year than MBI.
MBI is one of the lesser performing stocks in the Insurance industry. 74% of 136 stocks in the same industry do better.
MBI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month MBI has a been trading in the 8.91 - 12.86 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -22.84% -26.76% -41.32% -29.25% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 24.88 8.91 - 17.9
MBI Weekly chart
MBI Daily chart

Support/Resistance Analysis


9.17

15.88
When analyzing the support we notice one important area.
  • A support zone ranging from 9.26 to 9.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 11.92 to 12.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @12.33 from a trend line in the daily time frame.
  • A resistance zone ranging from 12.80 to 12.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @15.72 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

2

The technical rating of MBI is bad and it also does not present a quality setup 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.


MBI Daily chart

MBIA INC9.36

NYSE:MBI (9/27/2022, 3:10:04 PM)+0.09 (+0.97%)

After market: 9.36 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance
Performance
Today 0.97% 1 Week -11.53%
2 Weeks -18.68% 1 Month -22.84%
3 Month -26.76% 6 Month -41.32%
Volatility
ATR(14) 0.53 ATR(20)% 5.15%
ATR Inc 2.53% Range Today 0.45
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 24.88 Mansfield -1.69
10 Day High 11.77 10 Day Low 8.91
20 Day High 12.86 20 Day Low 8.91
52 Week High 17.9 52 Week Low 8.91
CS1 End 9.26 CR1 Start 11.96
Volume & EV
DER(3) -2.73% DER(5) -2.59%
Volume 206.36K Volume Incr 164.69%
Vol(5) 591.67K Vol(50) 277.70K

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