CARECLOUD INC - MTBC 11 PERP (MTBCP) Technical Analysis
NASDAQ:MTBCP • US14167R2094
Current stock price
MTBCP Technical Rating and Analysis
Taking everything into account, MTBCP scores 5 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MTBCP is a bad performer.
- 61% of all other stocks performed better in the past year than MTBCP.
- Warning: MTBCP has an average volume of 6284 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- MTBCP is an average performer in the Health Care Technology industry, it outperforms 69% of 34 stocks in the same industry.
- MTBCP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTBCP is lagging the market.
- In the last month MTBCP has a been trading in a tight range between 26.44 and 27.00.
MTBCP Weekly and Daily overview Charts
MTBCP Setup Rating and Analysis
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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MTBCP Support and Resistance Analysis
25.00
We found 3 important support 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.
MTBCP 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 | 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. |
MTBCP Chart- and CandleStick Pattern Analysis
MTBCP Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MTBCP (1/9/2023, 8:23:58 PM)
26.9137
-0.08 (-0.28%)
CARECLOUD INC - MTBC 11 PERP / MTBCP TA FAQ
What is the ChartMill technical rating of CARECLOUD INC - MTBC 11 PERP (MTBCP) stock?
ChartMill assigns a technical rating of 5 / 10 to MTBCP.
Can you provide the trend direction for CARECLOUD INC - MTBC 11 PERP?
The current trend direction for CARECLOUD INC - MTBC 11 PERP (MTBCP) is Bullish.
What is the RSI signal for MTBCP stock?
CARECLOUD INC - MTBC 11 PERP (MTBCP) has an RSI value of 55.1428. This indicates that the stock is currently neutral.
What is the support and resistance level for MTBCP stock?
CARECLOUD INC - MTBC 11 PERP (MTBCP) has a support level at 26.9 and a resistance level at 26.99. Check the full technical report for our detailed analysis of MTBCP support and resistance levels.