MONGODB INC (MDB) Stock Technical Analysis
NASDAQ:MDB - Nasdaq - US60937P1066 - Common Stock - Currency: USD
Taking everything into account, MDB scores 3 out of 10 in our technical rating. MDB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, MDB is a bad performer in the overall market: 63% of all stocks are doing better.
MDB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
MDB has an average volume of 2478940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
MDB is an average performer in the IT Services industry, it outperforms 49% of 82 stocks in the same industry.
In the last month MDB has a been trading in the 196.00 - 218.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MDB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 202.50, 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
199.45
307.30
We found 1 important support area.
- A support zone ranging from 201.46 to 202.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @220.15 from a horizontal line in the weekly time frame.
- Resistance @225.39 from a horizontal line in the daily time frame.
- Resistance @229.85 from a trend line in the weekly time frame.
- Resistance @304.26 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 | NEUTRAL | NEUTRAL | The long term trend for MDB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDB is neutral. |
| ChartMill Relative Strength | 37.72 | NEUTRAL | MDB is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MDB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.4 | NEUTRAL | The RSI value for MDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.94 | NEGATIVE | The MACD value suggests MDB has a negative trend. |
| Stochastics (14,3) | 62.6 | NEUTRAL | The Stochastics value for MDB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for MDB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.78 | NEUTRAL | The ADX value for MDB suggests a possible start of a new 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)
202.51
-6.76 (-3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-3.23%
1 Week-4.18%
2 Weeks-3.2%
1 Month-3.84%
3 Month24.82%
6 Month-17.42%
12 Month-20.01%
2 Year-52.17%
3 Year-35.19%
5 Year-11.6%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.41
ATR(20)%3.78%
ATR Inc41.21%
Range Today7.96
ADR(20)7.43
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.72
Mansfield-2.2
10 Day High218.42
10 Day Low201.67
20 Day High218.42
20 Day Low196
52 Week High370
52 Week Low140.78
CS1 End202.5
CR1 Start220.15
Volume & EV
DER(3)-0.39%
DER(5)-0.54%
Volume1.70M
Volume Incr-18.14%
Vol(5)2.22M
Vol(50)2.48M