MBX BIOSCIENCES INC (MBX) Technical Analysis
NASDAQ:MBX • US55287L1017
Current stock price
MBX Technical Rating and Analysis
Taking everything into account, MBX scores 2 out of 10 in our technical rating. 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 part of the Pharmaceuticals industry. There are 192 other stocks in this industry. MBX outperforms 92% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, MBX did better than 98% of all other 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
MBX has a poor technical rating and the quality of the setup is also only medium 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
27.42
We found 1 important support area.
- A support zone ranging from 27.70 to 28.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @29.80 from a horizontal line in the daily time frame.
- Resistance @37.20 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 | 98.17 | POSITIVE | MBX has a high relative strength, it outperformed 98.17% 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) | 38.86 | NEUTRAL | The RSI value for MBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.7 | NEUTRAL | The Stochastics value for MBX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.01 | HIGH VOLATILITY | The high ATR as a percentage value for MBX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.45 | 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
28.68
+0.25 (+0.88%)
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 38.8572. 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 28.39 and a resistance level at 29.8. Check the full technical report for our detailed analysis of MBX support and resistance levels.