MONGODB INC (MDB) Stock Technical Analysis
USA - NASDAQ:MDB - US60937P1066 - Common Stock
321.21 USD
-5.08 (-1.56%)
322.44 USD
+1.23 (+0.38%)
Taking everything into account, MDB scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, MDB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
MDB is part of the IT Services industry. There are 86 other stocks in this industry. MDB outperforms 78% of them.
MDB 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 MDB is lagging the market slightly.
MDB has an average volume of 3036250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MDB is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month MDB has a been trading in the 306.44 - 344.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MDB also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 319.75, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
199.49
338.23
4 important support areas can be observed.
- A support zone ranging from 318.40 to 319.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @310.37 from a horizontal line in the daily time frame.
- Support @225.66 from a trend line in the daily time frame.
- Support @201.50 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 322.81 to 323.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 330.11 to 334.88. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MDB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDB is up. |
| ChartMill Relative Strength | 88 | POSITIVE | MDB has a high relative strength, it outperformed 88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.62 | NEUTRAL | The RSI value for MDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.55 | NEGATIVE | The MACD value suggests MDB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.52 | NEUTRAL | The Stochastics value for MDB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for MDB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for MDB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 323.94 | 318.39 | 5.55 (1.71%) | 25.00% |
| An entry @323.94. This is a Buy Stop order right above the resistance zone. | An exit @318.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.55 points, which is 1.71%. | For a 0.43% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MDB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
321.21
-5.08 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.56%
1 Week0.88%
2 Weeks-0.69%
1 Month-1.09%
3 Month51.99%
6 Month108.05%
12 Month21.05%
2 Year-6.78%
3 Year75.5%
5 Year40.59%
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.84
ATR(20)%3.32%
ATR Inc29.53%
Range Today12.84
ADR(20)10.12
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88
Mansfield1.88
10 Day High335.83
10 Day Low306.44
20 Day High344.85
20 Day Low306.44
52 Week High370
52 Week Low140.78
CS1 End319.75
CR1 Start322.81
Volume & EV
DER(3)0.18%
DER(5)-0.15%
Volume1.11M
Volume Incr-7.6%
Vol(5)2.25M
Vol(50)3.04M