MONGODB INC (MDB) Stock Technical Analysis
NASDAQ:MDB • US60937P1066
We assign a technical rating of 1 out of 10 to MDB. MDB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month MDB has a been trading in the 318.92 - 426.32 range, which is quite wide. It is currently trading near the lows of this range.
- MDB is part of the IT Services industry. There are 87 other stocks in this industry. MDB outperforms 91% of them.
- MDB has an average volume of 1465570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, MDB did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- MDB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDB is lagging the market.
MDB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
317.97
We found 4 important support areas.
- Support @344.34 from a horizontal line in the weekly time frame.
- Support @336.70 from a trend line in the daily time frame.
- Support @326.49 from a horizontal line in the daily time frame.
- Support @321.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @353.02 from a trend line in the daily time frame.
- A resistance zone ranging from 367.40 to 377.27. 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 | NEUTRAL | NEUTRAL | The long term trend for MDB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDB is down. |
| ChartMill Relative Strength | 72.82 | POSITIVE | MDB has a high relative strength, it outperformed 72.82% 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) | DOWN | NEGATIVE | The current price of MDB is below a declining 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) | 40.95 | NEUTRAL | The RSI value for MDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MDB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.82 | NEUTRAL | The Stochastics value for MDB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.76 | HIGH VOLATILITY | The high ATR as a percentage value for MDB suggests high volalility. |
| Average Directional Index/ADX (14) | 26.99 | POSITIVE | The high ADX value value for MDB suggests a strong trend. |
344.56
-11.33 (-3.18%)
MONGODB INC / MDB FAQ
What is the ChartMill technical rating of MONGODB INC (MDB) stock?
ChartMill assigns a technical rating of 1 / 10 to MDB.
What is the current trend direction of MONGODB INC (MDB) stock?
The current trend direction for MONGODB INC (MDB) is Bearish.
What is the RSI signal for MONGODB INC (MDB) stock?
MONGODB INC (MDB) has an RSI value of 40.9476. This indicates that the stock is currently neutral.
What is the MACD signal for MDB stock?
The MACD indicator for MONGODB INC (MDB) has a value of 0.109266, indicating a bearish trend.
What is the support and resistance level for MDB stock?
MONGODB INC (MDB) has a support level at 344.34 and a resistance level at 353.02. Check the full technical report for our detailed analysis of MDB support and resistance levels.