CARECLOUD INC (MTBC) Technical Analysis
NASDAQ:MTBC • US14167R1005
Current stock price
MTBC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MTBC. MTBC'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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, MTBC is a bad performer in the overall market: 89% of all stocks are doing better.
- MTBC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTBC is lagging the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MTBC is part of the Health Care Technology industry. There are 35 other stocks in this industry, MTBC did better than 55% of them.
- In the last month MTBC has a been trading in the 2.50 - 3.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MTBC Weekly and Daily overview Charts
MTBC Setup Rating and Analysis
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
MTBC Support and Resistance Analysis
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.
When analyzing the resistance we notice 3 important 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.
MTBC 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 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. |
MTBC Chart- and CandleStick Pattern Analysis
MTBC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MTBC (1/9/2023, 8:23:58 PM)
3.13
+0.34 (+12.19%)
CARECLOUD INC / MTBC TA FAQ
Can you provide the ChartMill technical rating for CARECLOUD INC?
ChartMill assigns a technical rating of 0 / 10 to MTBC.
What is the trend direction for MTBC stock?
The current trend direction for CARECLOUD INC (MTBC) is Bearish.
What is the RSI signal for CARECLOUD INC (MTBC) stock?
CARECLOUD INC (MTBC) has an RSI value of 53.4826. This indicates that the stock is currently neutral.
What is the MACD signal for MTBC stock?
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.