HELBIZ INC-CW24 (MCOMW) Stock Technical Analysis
NASDAQ:MCOMW -
Overall MCOMW gets a technical rating of 0 out of 10. MCOMW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MCOMW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.02. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MCOMW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 MCOMW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCOMW is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | MCOMW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCOMW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCOMW is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 45.65 | NEUTRAL | The RSI value for MCOMW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MCOMW has a negative trend. |
| Stochastics (14,3) | 13.28 | OVERSOLD | The low Stochastics value suggests MCOMW may be oversold. |
| Average True Range in percent/ATR (20) | 33.94 | HIGH VOLATILITY | The high ATR as a percentage value for MCOMW suggests high volalility. |
| Average Directional Index/ADX (14) | 16.07 | NEGATIVE | The low ADX value for MCOMW suggests a weak or negative trend. |
NASDAQ:MCOMW (12/19/2023, 8:16:33 PM)
0.0127
+0 (+10.43%)