MATINAS BIOPHARMA HOLDINGS I (MTNB) Technical Analysis
NYSEARCA:MTNB • US5768103039
Current stock price
MTNB Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MTNB. MTNB'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, MTNB is a bad performer in the overall market: 87% of all stocks are doing better.
- MTNB is one of the lesser performing stocks in the Biotechnology industry. 68% of 516 stocks in the same industry do better.
- MTNB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Warning: MTNB has an average volume of 23858 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month MTNB has a been trading in the 0.48 - 0.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MTNB Weekly and Daily overview Charts
MTNB Setup Rating and Analysis
MTNB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for MTNB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MTNB Support and Resistance Analysis
0.55
We can see 2 important resistance areas.
- A resistance zone ranging from 0.64 to 0.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.89 from a trend line in the weekly time frame.
MTNB 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 MTNB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTNB is neutral. |
| ChartMill Relative Strength | 13.89 | NEGATIVE | MTNB has a low relative strength, it was outperformed by 86.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTNB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTNB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTNB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.68 | NEUTRAL | The RSI value for MTNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MTNB has a positive trend. |
| Stochastics (14,3) | 82.1 | OVERBOUGHT | The high Stochastics value suggests MTNB may be overbought. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for MTNB suggests high volalility. |
| Average Directional Index/ADX (14) | 27.43 | POSITIVE | The high ADX value value for MTNB suggests a strong trend. |
MTNB Chart- and CandleStick Pattern Analysis
MTNB Technicals: Chart, Performance Metrics, Trend & Indicators
0.5602
+0.01 (+1.84%)
MATINAS BIOPHARMA HOLDINGS I / MTNB TA FAQ
Can you provide the ChartMill technical rating for MATINAS BIOPHARMA HOLDINGS I?
ChartMill assigns a technical rating of 0 / 10 to MTNB.
Can you provide the trend direction for MATINAS BIOPHARMA HOLDINGS I?
The current trend direction for MATINAS BIOPHARMA HOLDINGS I (MTNB) is Bearish.
What is the RSI signal for MTNB stock?
MATINAS BIOPHARMA HOLDINGS I (MTNB) has an RSI value of 51.6771. This indicates that the stock is currently neutral.
What is the MACD signal for MATINAS BIOPHARMA HOLDINGS I (MTNB) stock?
The MACD indicator for MATINAS BIOPHARMA HOLDINGS I (MTNB) has a value of 0.00708336, indicating a bearish trend.
Can you provide the support and resistance levels for MATINAS BIOPHARMA HOLDINGS I?
MATINAS BIOPHARMA HOLDINGS I (MTNB) has a resistance level at 0.64. Check the full technical report for our detailed analysis of MTNB support and resistance levels.