MUSTANG BIO INC (MBIO) Stock Technical Analysis
NASDAQ:MBIO - Nasdaq - US62818Q3020 - Common Stock - Currency: USD
Overall MBIO gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MBIO was also a bad performer in the overall market in the last year.
64% of all other stocks performed better in the past year than MBIO.
MBIO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MBIO has an average volume of 7116060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MBIO is an average performer in the Biotechnology industry, it outperforms 59% of 560 stocks in the same industry.
In the last month MBIO has a been trading in the 0.89 - 7.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MBIO has an average technical rating and it also does not offer a high 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.
More info and screens
2.62
5.25
When analyzing the resistance we notice 3 important areas.
- Resistance @3.02 from a trend line in the daily time frame.
- Resistance @3.28 from a trend line in the daily time frame.
- Resistance @5.20 from a trend line in the weekly time frame.
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 MBIO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MBIO is up. |
| ChartMill Relative Strength | 36.2 | NEUTRAL | MBIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MBIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MBIO is above the rising 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) | 61.23 | NEUTRAL | The RSI value for MBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MBIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.45 | NEUTRAL | The Stochastics value for MBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 22.06 | HIGH VOLATILITY | The high ATR as a percentage value for MBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 46.9 | POSITIVE | The high ADX value value for MBIO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.65
-0.03 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.12%
1 Week122.69%
2 Weeks157.28%
1 Month107.03%
3 Month90.65%
6 Month-79.35%
12 Month-86.79%
2 Year-98.98%
3 Year-99.39%
5 Year-99.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%22.06%
ATR Inc-37.34%
Range Today0.5
ADR(20)0.44
ADR(20)%16.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.2
Mansfield-6.71
10 Day High7
10 Day Low0.89
20 Day High7
20 Day Low0.89
52 Week High24
52 Week Low0.89
CS1 EndN/A
CR1 Start3.02
Volume & EV
DER(3)-2.27%
DER(5)-1.52%
Volume1.46M
Volume Incr3629.13%
Vol(5)63.64M
Vol(50)7.12M