MONGODB INC (MDB) Stock Technical Analysis
NASDAQ:MDB - Nasdaq - US60937P1066 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MDB. MDB'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MDB is a bad performer in the overall market: 85% of all stocks are doing better.
MDB is one of the lesser performing stocks in the IT Services industry. 71% of 82 stocks in the same industry do better.
MDB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MDB is lagging the market.
MDB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MDB has an average volume of 2259930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MDB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 188.43, a Stop Loss order could be placed below this zone.
More info and screens
183.15
254.35
When analyzing the support we notice one important area.
- A support zone ranging from 185.00 to 188.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 191.30 to 191.85. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 195.91 to 198.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @208.97 from a trend line in the weekly time frame.
- Resistance @218.85 from a trend line in the daily time frame.
- Resistance @251.83 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MDB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDB is neutral. |
| ChartMill Relative Strength | 15.05 | NEGATIVE | MDB has a low relative strength, it was outperformed by 84.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MDB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MDB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.36 | NEUTRAL | The RSI value for MDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests MDB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.87 | NEUTRAL | The Stochastics value for MDB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for MDB suggests some volalility. |
| Average Directional Index/ADX (14) | 15 | NEGATIVE | The low ADX value for MDB suggests a weak or negative 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)
188.83
-0.53 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.28%
1 Week0.13%
2 Weeks-0.88%
1 Month9.66%
3 Month-29.39%
6 Month-41.45%
12 Month-20.01%
2 Year-35.73%
3 Year-20.38%
5 Year-18.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.3
ATR(20)%3.28%
ATR Inc-2.28%
Range Today6.69
ADR(20)5.46
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.05
Mansfield-2.51
10 Day High193.19
10 Day Low182.43
20 Day High198.58
20 Day Low169.26
52 Week High370
52 Week Low140.78
CS1 End188.43
CR1 Start191.3
Volume & EV
DER(3)1.46%
DER(5)1.05%
Volume2.63M
Volume Incr-12.39%
Vol(5)1.88M
Vol(50)2.26M