MONDAY.COM LTD (MNDY) Stock Technical Analysis
NASDAQ:MNDY - Nasdaq - IL0011762130 - Common Stock - Currency: USD
Taking everything into account, MNDY scores 4 out of 10 in our technical rating. MNDY has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the performance of all stocks over the past year, MNDY turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
MNDY is an average performer in the Software industry, it outperforms 60% of 282 stocks in the same industry.
MNDY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MNDY is lagging the market.
In the last month MNDY has a been trading in the 279.81 - 316.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MNDY has only a medium technical rating, but it does show a decent setup pattern. 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 305.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 288.60, a Stop Loss order could be placed below this zone.
More info and screens
216.29
331.21
5 important support areas can be observed.
- A support zone ranging from 286.92 to 288.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 279.94 to 279.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @236.66 from a trend line in the weekly time frame.
- A support zone ranging from 224.05 to 224.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @218.47 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 305.98 to 309.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for MNDY is neutral. |
| ChartMill Relative Strength | 69.24 | NEUTRAL | MNDY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNDY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MNDY is below 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) | 46.71 | NEUTRAL | The RSI value for MNDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.19 | NEGATIVE | The MACD value suggests MNDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.06 | NEUTRAL | The Stochastics value for MNDY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MNDY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.82 | 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)
289.27
-1.91 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.66%
1 Week-0.2%
2 Weeks-3.96%
1 Month-3.05%
3 Month5.57%
6 Month16.58%
12 Month21.56%
2 Year60.01%
3 Year181.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.86
ATR(20)%3.62%
ATR Inc-11.03%
Range Today8.88
ADR(20)9.97
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.24
Mansfield-0.21
10 Day High301
10 Day Low279.81
20 Day High316.98
20 Day Low279.81
52 Week High342.64
52 Week Low188.01
CS1 End288.6
CR1 Start305.98
Volume & EV
DER(3)-0.61%
DER(5)0.24%
Volume228.30K
Volume Incr-22%
Vol(5)341.26K
Vol(50)486.17K