STEALTH BIOTHERAPEUTICS CORP (MITO) Stock Technical Analysis
NASDAQ:MITO - Nasdaq - US85789A1051 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to MITO. In the past year, MITO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
MITO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.32, 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.
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2 important support areas can be observed.
- A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.31 to 0.31. 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 one important area.
- A resistance zone ranging from 0.33 to 0.33. 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 | DOWN | NEGATIVE | The long term trend for MITO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MITO is up. |
| ChartMill Relative Strength | 21.4 | NEGATIVE | MITO has a low relative strength, it was outperformed by 78.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MITO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MITO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MITO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.78 | NEUTRAL | The RSI value for MITO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MITO has a negative trend. |
| Stochastics (14,3) | 64.18 | NEUTRAL | The Stochastics value for MITO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for MITO suggests low volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for MITO suggests a possible start of a new trend. |
NASDAQ:MITO (11/15/2022, 8:00:01 PM)
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0 (-1.36%)