CARECLOUD INC (MTBC) Stock Technical Analysis
USA - NASDAQ:MTBC - US14167R1005 - Common Stock
We assign a technical rating of 0 out of 10 to MTBC. MTBC 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 technical rating of MTBC is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.08
When analyzing the support we notice one important area.
- A support zone ranging from 3.11 to 3.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.50 to 3.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.02 to 4.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.45 from a trend line in the weekly time frame.
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 MTBC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTBC is neutral. |
| ChartMill Relative Strength | 11.1 | NEGATIVE | MTBC has a low relative strength, it was outperformed by 88.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTBC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTBC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTBC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.48 | NEUTRAL | The RSI value for MTBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MTBC has a positive trend. |
| Stochastics (14,3) | 37.72 | NEUTRAL | The Stochastics value for MTBC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for MTBC suggests high volalility. |
| Average Directional Index/ADX (14) | 26.2 | POSITIVE | The high ADX value value for MTBC suggests a strong trend. |
NASDAQ:MTBC (1/9/2023, 8:23:58 PM)
3.13
+0.34 (+12.19%)
CARECLOUD INC / MTBC FAQ
Can you provide the ChartMill technical rating for CARECLOUD INC?
ChartMill assigns a technical rating of 0 / 10 to MTBC.
What is the current trend direction of CARECLOUD INC (MTBC) stock?
The current trend direction for CARECLOUD INC (MTBC) is Bearish.
Can you provide the RSI signal for CARECLOUD INC?
CARECLOUD INC (MTBC) has an RSI value of 53.4826. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CARECLOUD INC?
The MACD indicator for CARECLOUD INC (MTBC) has a value of 0.00724515, indicating a bearish trend.
Can you provide the short term momentum for CARECLOUD INC?
The short term momentum for CARECLOUD INC (MTBC) is neutral.