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STEALTH BIOTHERAPEUTICS CORP (MITO) Stock Technical Analysis

NASDAQ:MITO - Nasdaq - US85789A1051 - ADR - Currency: USD

0.32  0 (-1.36%)

Technical Rating and Analysis

4

Overall MITO gets a technical rating of 4 out of 10. 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.

When comparing the yearly performance of all stocks, MITO is a bad performer in the overall market: 79% of all stocks are doing better.
MITO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 555 other stocks in this industry, MITO did better than 54% 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.
Weekly and Daily overview Charts
STEALTH BIOTHERAPEUTICS CORP / MITO Weekly stock chart
STEALTH BIOTHERAPEUTICS CORP / MITO Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, MITO does present a nice setup opportunity. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

0.31

0.33

We found 2 important support 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.

We found 1 important resistance 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for MITO is down.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for MITO is up.
ChartMill Relative Strength21.4NEGATIVEMITO has a low relative strength, it was outperformed by 78.6% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of MITO is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of MITO is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of MITO is below a declining SMA(200).
Relative Strength Index/RSI (14)52.78NEUTRALThe RSI value for MITO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests MITO has a negative trend.
Stochastics (14,3)64.18NEUTRALThe Stochastics value for MITO is a neutral value.
Average True Range in percent/ATR (20)1.73LOW VOLATILITYThe low ATR as a percentage value for MITO suggests low volalility.
Average Directional Index/ADX (14)24.06NEUTRALThe ADX value for MITO suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
STEALTH BIOTHERAPEUTICS CORP / MITO Daily stock chart

STEALTH BIOTHERAPEUTICS CORP

NASDAQ:MITO (11/15/2022, 8:00:01 PM)

0.32

0 (-1.36%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.36%
1 Week-0.65%
2 Weeks-0.19%
1 Month0.95%
3 Month1.91%
6 Month33.39%
12 Month-65.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%1.73%
ATR Inc29.12%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.4
Mansfield-2.51
10 Day High0.33
10 Day Low0.32
20 Day High0.33
20 Day Low0.31
52 Week High0.97
52 Week Low0.16
CS1 End0.32
CR1 Start0.33
Volume & EV
DER(3)-5.03%
DER(5)-3.67%
Volume1.30M
Volume Incr111.99%
Vol(5)473.40K
Vol(50)211.04K