Taking everything into account, MDB scores 10 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.
Besides having an excellent technical rating, MDB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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310.67
When analyzing the support we can see 4 important areas.
- A support zone ranging from 412.34 to 412.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @349.17 from a trend line in the daily time frame.
- Support @329.25 from a trend line in the daily time frame.
- Support @313.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 415.58 to 419.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @427.42 from a horizontal line in the daily 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 | 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 | 93.37 | POSITIVE | MDB has a high relative strength, it outperformed 93.37% 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) | 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) | 63.01 | NEUTRAL | The RSI value for MDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.39 | POSITIVE | The MACD value suggests MDB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.68 | OVERBOUGHT | The high Stochastics value suggests MDB may be overbought. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for MDB suggests some volalility. |
| Average Directional Index/ADX (14) | 31.71 | POSITIVE | The high ADX value value for MDB suggests a strong trend. |
412.35
-9.15 (-2.17%)
MONGODB INC / MDB FAQ
What is the ChartMill technical rating of MONGODB INC (MDB) stock?
ChartMill assigns a technical rating of 10 / 10 to MDB.
What is the trend direction for MDB stock?
The current trend direction for MONGODB INC (MDB) is Bullish.
What is the RSI signal for MONGODB INC (MDB) stock?
MONGODB INC (MDB) has an RSI value of 63.0053. This indicates that the stock is currently neutral.
What is the short term momentum for MONGODB INC (MDB) stock?
The short term momentum for MONGODB INC (MDB) is positive.
Can you provide the buy/sell signal for MONGODB INC?
The buy/sell signal for MONGODB INC (MDB) is buy as both the short term and long term trends are positive.