MONDAY.COM LTD (MNDY) Stock Technical Analysis
NASDAQ:MNDY - Nasdaq - IL0011762130 - Common Stock - Currency: USD
Overall MNDY gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MNDY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MNDY is one of the better performing stocks in the market, outperforming 90% of all stocks.
MNDY is part of the Software industry. There are 283 other stocks in this industry. MNDY outperforms 77% of them.
MNDY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MNDY is performing more or less in line with the market.
In the last month MNDY has a been trading in the 270.07 - 308.54 range, which is quite wide. It is currently trading near the high of this range.
MNDY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 297.38, 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.
More info and screens
210.87
331.21
We found 4 important support areas.
- A support zone ranging from 288.59 to 297.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @228.39 from a trend line in the weekly time frame.
- A support zone ranging from 218.47 to 221.41. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @213.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @305.98 from a trend line in the daily time frame.
- A resistance zone ranging from 324.31 to 327.93. 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 MNDY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNDY is up. |
| ChartMill Relative Strength | 90.24 | POSITIVE | MNDY has a high relative strength, it outperformed 90.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNDY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNDY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNDY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.41 | NEUTRAL | The RSI value for MNDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests MNDY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.03 | OVERBOUGHT | The high Stochastics value suggests MNDY may be overbought. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for MNDY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.36 | NEGATIVE | The low ADX value for MNDY suggests a weak or negative 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)
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 |
|---|---|---|---|
| 305.99 | 288.58 | 17.41 (5.69%) | 17.58% |
| An entry @305.99. This is a Buy Stop order right above the resistance zone. | An exit @288.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 17.41 points, which is 5.69%. | When investing 17.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
305.19
-2.2 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.72%
1 Week2.69%
2 Weeks1.03%
1 Month10.74%
3 Month20.98%
6 Month2.73%
12 Month36.71%
2 Year78.24%
3 Year195.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.64
ATR(20)%3.53%
ATR Inc-33.08%
Range Today9.14
ADR(20)10.66
ADR(20)%3.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.24
Mansfield1.14
10 Day High308.54
10 Day Low281.22
20 Day High308.54
20 Day Low270.07
52 Week High342.64
52 Week Low188.01
CS1 End297.38
CR1 Start305.98
Volume & EV
DER(3)0.19%
DER(5)-0.48%
Volume423.00K
Volume Incr-16.62%
Vol(5)553.76K
Vol(50)722.51K