MATINAS BIOPHARMA HOLDINGS I (MTNB) Stock Technical Analysis
NYSEARCA:MTNB - NYSE Arca - US5768103039 - Common Stock - Currency: USD
Overall MTNB gets a technical rating of 8 out of 10. MTNB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
MTNB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MTNB is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 550 stocks in the same industry.
In the last month MTNB has a been trading in the 0.82 - 3.09 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that MTNB is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MTNB has an excellent technical rating, it does not offer a high 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
0.83
2.38
We found 1 important support area.
- Support @0.84 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MTNB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTNB is up. |
| ChartMill Relative Strength | 92.41 | POSITIVE | MTNB has a high relative strength, it outperformed 92.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTNB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTNB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MTNB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 86.62 | OVERBOUGHT | The high RSI value suggests MTNB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MTNB has a positive trend. |
| Stochastics (14,3) | 73.49 | NEUTRAL | The Stochastics value for MTNB is a neutral value. |
| Average True Range in percent/ATR (20) | 8.98 | HIGH VOLATILITY | The high ATR as a percentage value for MTNB suggests high volalility. |
| Average Directional Index/ADX (14) | 50.78 | POSITIVE | The high ADX value value for MTNB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.36
+0.71 (+43.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg43.03%
1 Week108.85%
2 Weeks171.26%
1 Month145.83%
3 Month170.33%
6 Month287.33%
12 Month-68.89%
2 Year-73.78%
3 Year-93.35%
5 Year-93.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%8.98%
ATR Inc468.09%
Range Today1.5
ADR(20)0.21
ADR(20)%8.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.41
Mansfield5.48
10 Day High3.09
10 Day Low0.84
20 Day High3.09
20 Day Low0.82
52 Week High8.39
52 Week Low0.47
CS1 End0.84
CR1 StartN/A
Volume & EV
DER(3)-0.54%
DER(5)1.47%
Volume22.62M
Volume Incr6504.23%
Vol(5)4.77M
Vol(50)661.83K