MNDY Technical Analysis - MONDAY.COM LTD

Technical Rating and Analysis

Taking everything into account, MNDY scores 1 out of 10 in our technical rating. MNDY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

93% of all other stocks performed better in the past year than MNDY.

MNDY is one of the lesser performing stocks in the Software industry. 80% of 280 stocks in the same industry do better.

MNDY 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.

In the last month MNDY has a been trading in the 166.22 - 195.10 range, which is quite wide. It is currently trading near the high of this range.

MNDY has an average volume of 1184670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MONDAY.COM LTD / MNDY Weekly stock chart

Setup Rating and Analysis

Although the technical rating is bad, MNDY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 193.00. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

169.74

310.19

2 important support areas can be observed.

A support zone ranging from 175.73 to 178.07. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Support @171.45 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 193.00 to 193.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 306.05 to 307.12. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 MNDY is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MNDY is down.
ChartMill Relative Strength	7.41	NEGATIVE	MNDY has a low relative strength, it was outperformed by 92.59% 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)	DOWN	NEGATIVE	The current price of MNDY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MNDY is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.55	NEUTRAL	The RSI value for MNDY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	4.8	POSITIVE	The MACD value suggests MNDY has a positive trend, although the MACD value is declining.
Stochastics (14,3)	81.89	OVERBOUGHT	The high Stochastics value suggests MNDY may be overbought.
Average True Range in percent/ATR (20)	3.18	MEDIUM VOLATILITY	The ATR as a percentage value for MNDY suggests some volalility.
Average Directional Index/ADX (14)	37.02	POSITIVE	The high ADX value value for MNDY suggests a strong trend.