AIRSPAN NETWORKS HOLDINGS IN (MIMO) Stock Technical Analysis
NYSEARCA:MIMO - NYSE Arca - US00951K1043 - Common Stock - Currency: USD
Taking everything into account, MIMO scores 0 out of 10 in our technical rating. MIMO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
90% of all other stocks performed better in the past year than MIMO.
MIMO is part of the Communications Equipment industry. There are 49 other stocks in this industry, of which 95% are performing better than MIMO.
MIMO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MIMO is lagging the market.
In the last month MIMO has a been trading in the 0.11 - 0.16 range, which is quite wide. It is currently trading near the lows of this range.
MIMO has an average volume of 4486710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MIMO does present a nice setup opportunity. 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 0.12. Right above this resistance zone may be a good entry point.
More info and screens
0.11
0.23
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.16 from a horizontal line in the daily time frame.
- Resistance @0.23 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 MIMO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MIMO is down. |
| ChartMill Relative Strength | 10.63 | NEGATIVE | MIMO has a low relative strength, it was outperformed by 89.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MIMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MIMO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MIMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.9 | NEUTRAL | The RSI value for MIMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MIMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.42 | NEUTRAL | The Stochastics value for MIMO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.29 | HIGH VOLATILITY | The high ATR as a percentage value for MIMO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for MIMO 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)
0.113
-0.01 (-5.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-5.04%
1 Week-3.42%
2 Weeks-0.88%
1 Month-19.52%
3 Month25.56%
6 Month-24.67%
12 Month-83.68%
2 Year-96.12%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%10.29%
ATR Inc-32.03%
Range Today0.01
ADR(20)0.01
ADR(20)%10.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.63
Mansfield-5.01
10 Day High0.13
10 Day Low0.11
20 Day High0.16
20 Day Low0.11
52 Week High0.7
52 Week Low0.07
CS1 EndN/A
CR1 Start0.12
Volume & EV
DER(3)-2.25%
DER(5)-4.68%
Volume271.80K
Volume Incr-48.22%
Vol(5)266.88K
Vol(50)4.49M