MICROBOT MEDICAL INC (MBOT) Stock Technical Analysis
NASDAQ:MBOT - Nasdaq - US59503A2042 - Common Stock - Currency: USD
Overall MBOT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MBOT is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, MBOT did better than 97% of all other stocks. We also observe that the gains produced by MBOT over the past year are nicely spread over this period.
MBOT is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. MBOT outperforms 98% of them.
MBOT has an average volume of 3021580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MBOT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MBOT is lagging the market.
In the last month MBOT has a been trading in the 2.26 - 3.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MBOT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.49, a Stop Loss order could be placed below this zone.
More info and screens
1.35
2.88
4 important support areas can be observed.
- A support zone ranging from 2.48 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.65 from a trend line in the daily time frame.
- Support @1.44 from a trend line in the daily time frame.
- Support @1.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.82 to 2.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MBOT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MBOT is neutral. |
| ChartMill Relative Strength | 97.51 | POSITIVE | MBOT has a high relative strength, it outperformed 97.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MBOT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MBOT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MBOT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.83 | NEUTRAL | The RSI value for MBOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MBOT has a negative trend. |
| Stochastics (14,3) | 34.18 | NEUTRAL | The Stochastics value for MBOT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for MBOT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.7 | POSITIVE | The high ADX value value for MBOT 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.66 | 2.47 | 0.19 (7.00%) | 14.28% |
| An entry @2.66. This is a Buy Stop order right above the 10 day moving average. | An exit @2.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.19 points, which is 7.00%. | For a 1.00% total portfolio risk, you can invest 14.28% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MBOT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.5
-0.1 (-3.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.85%
1 Week-9.42%
2 Weeks-11.66%
1 Month5.04%
3 Month62.34%
6 Month150%
12 Month131.48%
2 Year-8.09%
3 Year-51.27%
5 Year-63.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%8.39%
ATR Inc-18.61%
Range Today0.11
ADR(20)0.19
ADR(20)%7.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.51
Mansfield5.98
10 Day High2.9
10 Day Low2.26
20 Day High3.05
20 Day Low2.26
52 Week High3.38
52 Week Low0.82
CS1 End2.49
CR1 Start2.82
Volume & EV
DER(3)-1.89%
DER(5)-2.26%
Volume1.61M
Volume Incr30.25%
Vol(5)2.38M
Vol(50)3.02M