MBX Technical Analysis - MICROBIX BIOSYSTEMS INC

Technical Rating and Analysis

We assign a technical rating of 0 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.

93% of all other stocks performed better in the past year than MBX.

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.

In the last month MBX has a been trading in the 0.24 - 0.28 range, which is quite wide. It is currently trading near the lows of this range.

MBX is an average performer in the Biotechnology industry, it outperforms 42% of 22 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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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 and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.26. Right above this resistance zone may be a good entry point. 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

0.28

When analyzing the support we notice one important area.

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

3 important resistance areas can be observed.

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.
Resistance @0.27 from a trend line in the daily time frame.
A resistance zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines 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	7.66	NEGATIVE	MBX.CA has a low relative strength, it was outperformed by 92.34% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MBX.CA is below a declining 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)	44.69	NEUTRAL	The RSI value for MBX.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests MBX.CA has a negative trend.
Stochastics (14,3)	9.52	OVERSOLD	The low Stochastics value suggests MBX.CA may be oversold.
Average True Range in percent/ATR (20)	6.02	HIGH VOLATILITY	The high ATR as a percentage value for MBX.CA suggests high volalility.
Average Directional Index/ADX (14)	20.1	NEUTRAL	The ADX value for MBX.CA suggests a possible start of a new trend.