MNDY Technical Analysis - MONDAY.COM LTD

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to MNDY. MNDY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

96% of all other stocks performed better in the past year than MNDY.

MNDY is part of the Software industry. There are 281 other stocks in this industry, of which 83% are performing better than MNDY.

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 179.56 - 220.80 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

MNDY has an average volume of 1535830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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

The technical rating of MNDY is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

169.74

308.05

When analyzing the support we can see 2 important areas.

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.

We can see 2 important resistance areas.

A resistance zone ranging from 197.77 to 200.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 304.81 to 305.00. 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	4.87	NEGATIVE	MNDY has a low relative strength, it was outperformed by 95.13% off all stocks 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)	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)	38.73	NEUTRAL	The RSI value for MNDY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.46	NEGATIVE	The MACD value suggests MNDY has a negative trend.
Stochastics (14,3)	9.27	OVERSOLD	The low Stochastics value suggests MNDY may be oversold.
Average True Range in percent/ATR (20)	4.78	MEDIUM VOLATILITY	The ATR as a percentage value for MNDY suggests some volalility.
Average Directional Index/ADX (14)	24.59	NEUTRAL	The ADX value for MNDY suggests a possible start of a new trend.