MUSTANG BIO INC (MBIO) Stock Technical Analysis
USA - NASDAQ:MBIO - US62818Q3020 - Common Stock
1.58 USD
+0.01 (+0.64%)
1.6146 USD
+0.03 (+2.19%)
Taking everything into account, MBIO scores 2 out of 10 in our technical rating. MBIO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
93% of all other stocks performed better in the past year than MBIO.
MBIO is part of the Biotechnology industry. There are 541 other stocks in this industry, of which 67% are performing better 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
MBIO has an average volume of 6593720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MBIO has a been trading in the 1.31 - 1.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MBIO 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.
More info and screens
1.38
2.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.42 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.59 to 1.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.56 from a trend line in the weekly time frame.
- Resistance @2.65 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for MBIO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MBIO is neutral. |
| ChartMill Relative Strength | 7.84 | NEGATIVE | MBIO has a low relative strength, it was outperformed by 92.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MBIO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MBIO is below 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) | 50 | NEUTRAL | The RSI value for MBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MBIO has a positive trend. |
| Stochastics (14,3) | 50.99 | NEUTRAL | The Stochastics value for MBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.19 | HIGH VOLATILITY | The high ATR as a percentage value for MBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.14 | NEGATIVE | The low ADX value for MBIO suggests a weak or negative 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)
1.58
+0.01 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.64%
1 Week10.49%
2 Weeks2.27%
1 Month-11.24%
3 Month35.04%
6 Month12.06%
12 Month-88.3%
2 Year-98.47%
3 Year-99.55%
5 Year-99.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%6.19%
ATR Inc26.32%
Range Today0.07
ADR(20)0.1
ADR(20)%6.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.84
Mansfield-7.1
10 Day High1.62
10 Day Low1.31
20 Day High1.79
20 Day Low1.31
52 Week High21.95
52 Week Low0.89
CS1 End1.43
CR1 Start1.59
Volume & EV
DER(3)-12.29%
DER(5)-8.36%
Volume136.80K
Volume Incr-8.56%
Vol(5)135.00K
Vol(50)6.59M