Taking everything into account, MBX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MBX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MBX did better than 98% of all other stocks. On top of that, MBX also shows a nice and consistent pattern of rising prices.
- MBX is part of the Pharmaceuticals industry. There are 190 other stocks in this industry. MBX outperforms 93% of them.
- MBX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MBX is lagging the market slightly.
- In the last month MBX has a been trading in the 27.84 - 44.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MBX has an excellent technical rating, the quality of the presented setup is not ideal 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
30.24
3 important support areas can be observed.
- A support zone ranging from 35.57 to 36.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.71 from a trend line in the daily time frame.
- Support @30.55 from a trend line in the daily time frame.
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 MBX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MBX is up. |
| ChartMill Relative Strength | 98.41 | POSITIVE | MBX has a high relative strength, it outperformed 98.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MBX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MBX is above the rising 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) | 51.8 | NEUTRAL | The RSI value for MBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests MBX has a negative trend. |
| Stochastics (14,3) | 50.87 | NEUTRAL | The Stochastics value for MBX is a neutral value. |
| Average True Range in percent/ATR (20) | 9 | HIGH VOLATILITY | The high ATR as a percentage value for MBX suggests high volalility. |
| Average Directional Index/ADX (14) | 35.39 | POSITIVE | The high ADX value value for MBX suggests a strong trend. |
36.07
-0.53 (-1.45%)
MBX BIOSCIENCES INC / MBX FAQ
What is the ChartMill technical rating of MBX BIOSCIENCES INC (MBX) stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
What is the RSI signal for MBX stock?
MBX BIOSCIENCES INC (MBX) has an RSI value of 51.7958. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MBX BIOSCIENCES INC?
The buy/sell signal for MBX BIOSCIENCES INC (MBX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MBX stock?
MBX BIOSCIENCES INC (MBX) has a support level at 36.06. Check the full technical report for our detailed analysis of MBX support and resistance levels.