MBRX Technical Analysis - MOLECULIN BIOTECH INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to MBRX. MBRX'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.

When comparing the yearly performance of all stocks, MBRX is a bad performer in the overall market: 92% of all stocks are doing better.

MBRX is one of the lesser performing stocks in the Biotechnology industry. 69% of 538 stocks in the same industry do better.

MBRX 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.

In the last month MBRX has a been trading in the 0.35 - 0.62 range, which is quite wide. It is currently trading near the lows of this range.

MBRX has an average volume of 3620090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MOLECULIN BIOTECH INC / MBRX Weekly stock chart

MOLECULIN BIOTECH INC / MBRX Daily stock chart

Setup Rating and Analysis

The technical rating of MBRX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.38

0.58

When analyzing the support we notice one important area.

Support @0.38 from a trend line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.49 from a trend line in the daily time frame.
Resistance @0.57 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 MBRX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MBRX is down.
ChartMill Relative Strength	8.42	NEGATIVE	MBRX has a low relative strength, it was outperformed by 91.58% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of MBRX is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MBRX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MBRX is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.53	NEUTRAL	The RSI value for MBRX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests MBRX has a positive trend.
Stochastics (14,3)	84.79	OVERBOUGHT	The high Stochastics value suggests MBRX may be overbought.
Average True Range in percent/ATR (20)	9.72	HIGH VOLATILITY	The high ATR as a percentage value for MBRX suggests high volalility.
Average Directional Index/ADX (14)	24.49	NEUTRAL	The ADX value for MBRX suggests a possible start of a new trend.