CARECLOUD INC - MTBC 11 PERP (MTBCP) Stock Technical Analysis
NASDAQ:MTBCP - Nasdaq - US14167R2094 - Currency: USD
Taking everything into account, MTBCP scores 5 out of 10 in our technical rating. Although MTBCP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
MTBCP 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 26.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.90, a Stop Loss order could be placed below this zone.
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25.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 26.44 to 26.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @25.96 from a horizontal line in the daily time frame.
- A support zone ranging from 25.25 to 25.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.99 to 27.33. 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 MTBCP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTBCP is neutral. |
| ChartMill Relative Strength | 39.29 | NEUTRAL | MTBCP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTBCP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTBCP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTBCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.14 | NEUTRAL | The RSI value for MTBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MTBCP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.73 | OVERBOUGHT | The high Stochastics value suggests MTBCP may be overbought. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for MTBCP suggests low volalility. |
| Average Directional Index/ADX (14) | 13.43 | NEGATIVE | The low ADX value for MTBCP suggests a weak or negative trend. |
NASDAQ:MTBCP (1/9/2023, 8:23:58 PM)
26.9137
-0.08 (-0.28%)