MUSTANG BIO INC (MBIO) Technical Analysis
NASDAQ:MBIO • US62818Q3020
Taking everything into account, MBIO scores 1 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 91% of all other stocks performed better in the past year than MBIO.
- MBIO is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 71% are performing better than MBIO.
- 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 0.64 - 1.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MBIO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.97. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MBIO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.89
We can see 2 important resistance areas.
- A resistance zone ranging from 0.97 to 0.98. 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 1.02 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 9.77 | NEGATIVE | MBIO has a low relative strength, it was outperformed by 90.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MBIO is below the rising 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) | 42.81 | NEUTRAL | The RSI value for MBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MBIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.43 | NEUTRAL | The Stochastics value for MBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.18 | HIGH VOLATILITY | The high ATR as a percentage value for MBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.92 | NEUTRAL | The ADX value for MBIO suggests a possible start of a new trend. |
MBIO Technicals: Chart, Performance Metrics, Trend & Indicators
0.8963
-0.05 (-5.58%)
MUSTANG BIO INC / MBIO FAQ
What is the ChartMill technical rating of MUSTANG BIO INC (MBIO) stock?
ChartMill assigns a technical rating of 1 / 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 42.8098. 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 0.00162989, indicating a bearish trend.
What is the support and resistance level for MBIO stock?
MUSTANG BIO INC (MBIO) has a resistance level at 0.97. Check the full technical report for our detailed analysis of MBIO support and resistance levels.