STEALTH BIOTHERAPEUTICS CORP (MITO) Technical Analysis
NASDAQ:MITO • US85789A1051
Current stock price
MITO Technical Rating and Analysis
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.
- 79% of all other stocks performed better in the past year than MITO.
- MITO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MITO is lagging the market.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- MITO is part of the Biotechnology industry. There are 519 other stocks in this industry, MITO did better than 41% of them.
- In the last month MITO has a been trading in a tight range between 0.31 and 0.33.
- Volume is considerably higher in the last couple of days.
MITO Weekly and Daily overview Charts
MITO Setup Rating and Analysis
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.
More info and screens
MITO Support and Resistance Analysis
0.31
When analyzing the support we can see 2 important areas.
- 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.
MITO Technical Indicator Signal Analysis
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. |
MITO Chart- and CandleStick Pattern Analysis
MITO Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MITO (11/15/2022, 8:00:01 PM)
0.32
0 (-1.36%)
STEALTH BIOTHERAPEUTICS CORP / MITO TA FAQ
What is the technical rating for MITO stock?
ChartMill assigns a technical rating of 4 / 10 to MITO.
What is the trend direction for MITO stock?
The current trend direction for STEALTH BIOTHERAPEUTICS CORP (MITO) is Bearish.
What is the RSI signal for MITO stock?
STEALTH BIOTHERAPEUTICS CORP (MITO) has an RSI value of 52.7819. This indicates that the stock is currently neutral.
What is the MACD signal for STEALTH BIOTHERAPEUTICS CORP (MITO) stock?
The MACD indicator for STEALTH BIOTHERAPEUTICS CORP (MITO) has a value of -0.0000819779, indicating a bearish trend.
Can you provide the short term momentum for STEALTH BIOTHERAPEUTICS CORP?
The short term momentum for STEALTH BIOTHERAPEUTICS CORP (MITO) is positive.