MONGODB INC (MDB) Stock Technical Analysis
NASDAQ:MDB • US60937P1066
We assign a technical rating of 4 out of 10 to MDB. Although MDB 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.
- MDB is part of the IT Services industry. There are 86 other stocks in this industry. MDB outperforms 91% of them.
- MDB has an average volume of 1604370 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 82% of all other stocks. On top of that, MDB also shows a nice and consistent pattern of rising prices. However, MDB's most recent performance is quite weak.
- 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.
- In the last month MDB has a been trading in the 292.53 - 388.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, MDB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for MDB 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.
More info and screens
302.31
We found 2 important support areas.
- Support @325.00 from a horizontal line in the weekly time frame.
- A support zone ranging from 305.36 to 310.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 332.24 to 336.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 359.26 to 361.10. 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 | 82.87 | POSITIVE | MDB has a high relative strength, it outperformed 82.87% 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) | 40.78 | NEUTRAL | The RSI value for MDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.16 | NEGATIVE | The MACD value suggests MDB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.28 | NEUTRAL | The Stochastics value for MDB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.52 | HIGH VOLATILITY | The high ATR as a percentage value for MDB suggests high volalility. |
| Average Directional Index/ADX (14) | 32.09 | POSITIVE | The high ADX value value for MDB suggests a strong trend. |
325.01
-3.46 (-1.05%)
MONGODB INC / MDB FAQ
What is the ChartMill technical rating of MONGODB INC (MDB) stock?
ChartMill assigns a technical rating of 4 / 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 40.7831. 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 -1.16076, indicating a bearish trend.
What is the support and resistance level for MDB stock?
MONGODB INC (MDB) has a support level at 325 and a resistance level at 332.24. Check the full technical report for our detailed analysis of MDB support and resistance levels.