MATINAS BIOPHARMA HOLDINGS I (MTNB) Stock Technical Analysis
NYSEARCA:MTNB - NYSE Arca - US5768103039 - Common Stock - Currency: USD
Taking everything into account, MTNB scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MTNB was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MTNB is a bad performer in the overall market: 85% of all stocks are doing 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.
In the last month MTNB has a been trading in the 0.80 - 1.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
MTNB is an average performer in the Biotechnology industry, it outperforms 48% of 555 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
MTNB 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 very little resistance above the current price. There is a support zone below the current price at 0.84, a Stop Loss order could be placed below this zone.
More info and screens
0.50
0.95
2 important support areas can be observed.
- A support zone ranging from 0.82 to 0.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.51 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @0.94 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MTNB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTNB is up. |
| ChartMill Relative Strength | 15.77 | NEGATIVE | MTNB has a low relative strength, it was outperformed by 84.23% 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 | NEGATIVE | The current price of MTNB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.28 | NEUTRAL | The RSI value for MTNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MTNB has a negative trend. |
| Stochastics (14,3) | 24.55 | NEUTRAL | The Stochastics value for MTNB is a neutral value. |
| Average True Range in percent/ATR (20) | 10.56 | HIGH VOLATILITY | The high ATR as a percentage value for MTNB suggests high volalility. |
| Average Directional Index/ADX (14) | 74.05 | 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)
0.9172
-0.02 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.43%
1 Week-2.63%
2 Weeks1.92%
1 Month10.49%
3 Month73.06%
6 Month44.44%
12 Month-88.41%
2 Year-94.76%
3 Year-97.92%
5 Year-97.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%10.56%
ATR Inc-67.58%
Range Today0.03
ADR(20)0.09
ADR(20)%10.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.77
Mansfield-6.24
10 Day High1.04
10 Day Low0.87
20 Day High1.19
20 Day Low0.8
52 Week High9.6
52 Week Low0.47
CS1 End0.84
CR1 Start0.94
Volume & EV
DER(3)-8.34%
DER(5)-7.44%
Volume14.90K
Volume Incr-90.53%
Vol(5)51.16K
Vol(50)302.87K