MBX Technical Analysis - MICROBIX BIOSYSTEMS INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to MBX. MBX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, MBX is a bad performer in the overall market: 93% of all stocks are doing better.

MBX is one of the lesser performing stocks in the Biotechnology industry. 69% of 24 stocks in the same industry do better.

MBX 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.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

In the last month MBX has a been trading in the 0.22 - 0.24 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MICROBIX BIOSYSTEMS INC / MBX Weekly stock chart

MICROBIX BIOSYSTEMS INC / MBX Daily stock chart

Setup Rating and Analysis

MBX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.23, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.23

0.26

We found 1 important support area.

A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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 MBX.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MBX.CA is down.
ChartMill Relative Strength	7.54	NEGATIVE	MBX.CA has a low relative strength, it was outperformed by 92.46% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MBX.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MBX.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MBX.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	50.01	NEUTRAL	The RSI value for MBX.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests MBX.CA has a positive trend.
Stochastics (14,3)	73.33	NEUTRAL	The Stochastics value for MBX.CA is a neutral value.
Average True Range in percent/ATR (20)	4.08	MEDIUM VOLATILITY	The ATR as a percentage value for MBX.CA suggests some volalility.
Average Directional Index/ADX (14)	29.74	POSITIVE	The high ADX value value for MBX.CA suggests a strong trend.