MBX BIOSCIENCES INC (MBX) Technical Analysis
NASDAQ:MBX • US55287L1017
Current stock price
MBX Technical Rating and Analysis
Overall MBX gets a technical rating of 2 out of 10. Although MBX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- MBX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- MBX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 89% of 193 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that MBX is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- MBX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MBX is lagging the market slightly.
MBX Weekly and Daily overview Charts
MBX Setup Rating and Analysis
The technical rating of MBX 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.
More info and screens
MBX Support and Resistance Analysis
9.79
We found 3 important support areas.
- A support zone ranging from 27.70 to 27.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.13 from a trend line in the weekly time frame.
- Support @9.89 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.01 to 28.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.90 from a trend line in the daily time frame.
MBX 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 | NEUTRAL | NEUTRAL | The long term trend for MBX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MBX is down. |
| ChartMill Relative Strength | 97.41 | POSITIVE | MBX has a high relative strength, it outperformed 97.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MBX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MBX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MBX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.43 | NEUTRAL | The RSI value for MBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests MBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.26 | OVERSOLD | The low Stochastics value suggests MBX may be oversold. |
| Average True Range in percent/ATR (20) | 8.99 | HIGH VOLATILITY | The high ATR as a percentage value for MBX suggests high volalility. |
| Average Directional Index/ADX (14) | 30.6 | POSITIVE | The high ADX value value for MBX suggests a strong trend. |
MBX Chart- and CandleStick Pattern Analysis
MBX Technicals: Chart, Performance Metrics, Trend & Indicators
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+0.05 (+0.18%)
MBX BIOSCIENCES INC / MBX TA FAQ
What is the ChartMill technical rating of MBX BIOSCIENCES INC (MBX) stock?
ChartMill assigns a technical rating of 2 / 10 to MBX.
What is the current trend direction of MBX BIOSCIENCES INC (MBX) stock?
The current trend direction for MBX BIOSCIENCES INC (MBX) is Bearish.
What is the RSI signal for MBX stock?
MBX BIOSCIENCES INC (MBX) has an RSI value of 34.4306. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MBX BIOSCIENCES INC?
MBX BIOSCIENCES INC (MBX) has a support level at 27.99 and a resistance level at 28.01. Check the full technical report for our detailed analysis of MBX support and resistance levels.