We assign a technical rating of 7 out of 10 to MDB. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- MDB is part of the IT Services industry. There are 88 other stocks in this industry. MDB outperforms 86% of them.
- MDB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- MDB has an average volume of 1710380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, MDB did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month MDB has a been trading in the 380.19 - 444.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
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. There is a resistance zone just above the current price starting at 435.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 398.68, a Stop Loss order could be placed below this zone.
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5 important support areas can be observed.
- A support zone ranging from 395.34 to 398.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 387.83 to 387.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @381.43 from a horizontal line in the daily time frame.
- Support @338.16 from a trend line in the daily time frame.
- Support @313.81 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 435.86 to 440.61. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MDB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDB is neutral. |
| ChartMill Relative Strength | 88.05 | POSITIVE | MDB has a high relative strength, it outperformed 88.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MDB is above 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) | UP | POSITIVE | The current price of MDB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.74 | NEUTRAL | The RSI value for MDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.23 | NEGATIVE | The MACD value suggests MDB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.98 | NEUTRAL | The Stochastics value for MDB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MDB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for MDB suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 440.62 | 395.33 | 45.29 (10.28%) | 9.73% |
| An entry @440.62. This is a Buy Stop order right above the resistance zone. | An exit @395.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 45.29 points, which is 10.28%. | For a 1.00% total portfolio risk, you can invest 9.73% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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MONGODB INC / MDB FAQ
What is the ChartMill technical rating of MONGODB INC (MDB) stock?
ChartMill assigns a technical rating of 7 / 10 to MDB.
What is the current trend direction of MONGODB INC (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 52.7432. 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 -1.22722, indicating a bearish trend.
What is the support and resistance level for MDB stock?
MONGODB INC (MDB) has a support level at 398.68 and a resistance level at 435.86. Check the full technical report for our detailed analysis of MDB support and resistance levels.