MUSTANG BIO INC (MBIO) Technical Analysis
NASDAQ:MBIO • US62818Q3020
Current stock price
MBIO Technical Rating and Analysis
Taking everything into account, MBIO scores 0 out of 10 in our technical rating. MBIO 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.
- 89% of all other stocks performed better in the past year than MBIO.
- MBIO is one of the lesser performing stocks in the Biotechnology industry. 71% of 517 stocks in the same industry do better.
- MBIO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MBIO is lagging the market.
- In the last month MBIO has a been trading in the 0.78 - 1.04 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.
- Considerably lower volume is observed in the last couple of days.
MBIO Weekly and Daily overview Charts
MBIO Setup Rating and Analysis
MBIO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
MBIO Support and Resistance Analysis
0.83
When analyzing the support we notice one important area.
- Support @0.84 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
MBIO 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 MBIO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MBIO is down. |
| ChartMill Relative Strength | 11.59 | NEGATIVE | MBIO has a low relative strength, it was outperformed by 88.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MBIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MBIO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MBIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.01 | NEUTRAL | The RSI value for MBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MBIO has a negative trend. |
| Stochastics (14,3) | 25.3 | NEUTRAL | The Stochastics value for MBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for MBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.11 | POSITIVE | The high ADX value value for MBIO suggests a strong trend. |
MBIO Chart- and CandleStick Pattern Analysis
MBIO Technicals: Chart, Performance Metrics, Trend & Indicators
0.8476
0 (-0.27%)
MUSTANG BIO INC / MBIO TA FAQ
What is the ChartMill technical rating of MUSTANG BIO INC (MBIO) stock?
ChartMill assigns a technical rating of 0 / 10 to MBIO.
Can you provide the trend direction for MUSTANG BIO INC?
The current trend direction for MUSTANG BIO INC (MBIO) is Bearish.
Can you provide the RSI signal for MUSTANG BIO INC?
MUSTANG BIO INC (MBIO) has an RSI value of 38.0097. This indicates that the stock is currently neutral.
What is the MACD signal for MBIO stock?
The MACD indicator for MUSTANG BIO INC (MBIO) has a value of -0.0114814, indicating a bearish trend.
What is the support and resistance level for MBIO stock?
MUSTANG BIO INC (MBIO) has a support level at 0.84 and a resistance level at 0.92. Check the full technical report for our detailed analysis of MBIO support and resistance levels.