NOCTURNE ACQUISITION CORP (MBTC) Stock Technical Analysis
NASDAQ:MBTC - KYG6580S1140 - Common Stock
11.66 USD
-0.06 (-0.49%)
Taking everything into account, MBTC scores 5 out of 10 in our technical rating. In the last year, MBTC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Warning: MBTC has an average volume of 13446 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, MBTC outperforms 61% of them, which is more or less in line with the market.
MBTC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MBTC is lagging the market.
In the last month MBTC has a been trading in the 9.75 - 13.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, MBTC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.49, a Stop Loss order could be placed below this zone.
More info and screens
9.84
12.28
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.34 to 11.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.10 from a horizontal line in the daily time frame.
- A support zone ranging from 9.94 to 10.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.99 to 12.16. 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 MBTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MBTC is up. |
| ChartMill Relative Strength | 61.57 | NEUTRAL | MBTC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MBTC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MBTC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MBTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52 | NEUTRAL | The RSI value for MBTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MBTC has a positive trend. |
| Stochastics (14,3) | 43.95 | NEUTRAL | The Stochastics value for MBTC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.99 | HIGH VOLATILITY | The high ATR as a percentage value for MBTC suggests high volalility. |
| Average Directional Index/ADX (14) | 19.18 | NEGATIVE | The low ADX value for MBTC 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)
NASDAQ:MBTC (4/3/2024, 8:21:32 PM)
11.66
-0.06 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.49%
1 Week0.52%
2 Weeks11.05%
1 Month-4.07%
3 Month-0.77%
6 Month5.9%
12 Month13.2%
2 Year15.67%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%5.99%
ATR Inc-64.86%
Range Today0.29
ADR(20)0.37
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.57
Mansfield-1.33
10 Day High13.98
10 Day Low9.75
20 Day High13.98
20 Day Low9.75
52 Week High13.98
52 Week Low9.45
CS1 End11.49
CR1 Start11.99
Volume & EV
DER(3)0.02%
DER(5)0.01%
Volume141.10K
Volume Incr729.84%
Vol(5)28.92K
Vol(50)13.45K