MICROBOT MEDICAL INC (MBOT) Stock Technical Analysis
USA - NASDAQ:MBOT - US59503A2042 - Common Stock
Taking everything into account, MBOT scores 3 out of 10 in our technical rating. Although MBOT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MBOT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1.99, a Stop Loss order could be placed below this zone.
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1.96
When analyzing the support we notice one important area.
- A support zone ranging from 1.98 to 1.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.00 from a trend line in the daily time frame.
- A resistance zone ranging from 2.13 to 2.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 MBOT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MBOT is down. |
| ChartMill Relative Strength | 89.7 | POSITIVE | MBOT has a high relative strength, it outperformed 89.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MBOT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MBOT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MBOT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.21 | NEUTRAL | The RSI value for MBOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MBOT has a positive trend. |
| Stochastics (14,3) | 22.46 | NEUTRAL | The Stochastics value for MBOT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for MBOT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.61 | POSITIVE | The high ADX value value for MBOT suggests a strong trend. |
2
-0.02 (-0.99%)
MICROBOT MEDICAL INC / MBOT FAQ
What is the ChartMill technical rating of MICROBOT MEDICAL INC (MBOT) stock?
ChartMill assigns a technical rating of 3 / 10 to MBOT.
What is the current trend direction of MICROBOT MEDICAL INC (MBOT) stock?
The current trend direction for MICROBOT MEDICAL INC (MBOT) is Bearish.
What is the RSI signal for MICROBOT MEDICAL INC (MBOT) stock?
MICROBOT MEDICAL INC (MBOT) has an RSI value of 33.2062. This indicates that the stock is currently neutral.
What is the MACD signal for MICROBOT MEDICAL INC (MBOT) stock?
The MACD indicator for MICROBOT MEDICAL INC (MBOT) has a value of 0.024824, indicating a bearish trend.
What is the buy/sell signal for MBOT stock?
The buy/sell signal for MICROBOT MEDICAL INC (MBOT) is sell as both the short term and long term trends are negative.