MONGODB INC. - 1H - Technical analysis published on 05/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 261.85 USD
My targets
223.98 USD (-7.91%)
195.07 USD (-19.80%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MONGODB INC. as long as the price remains well below 261.85 USD. The sellers' bearish objective is set at 223.98 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 195.07 USD. In case of crossing, the next objective would be the support located at 176.04 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Damien00121. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MONGODB INC. price is 243.23 USD. The price is lower by -2.90% since the last closing and was traded between 240.10 USD and 270.85 USD over the period. The price is currently at +1.30% from its lowest and -10.20% from its highest.240.10
270.85
243.23
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of MONGODB INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 98.73 | 176.04 | 242.62 | 243.23 | 279.98 | 351.51 | 401.32 |
| Change (%) | -59.41% | -27.62% | -0.25% | - | +15.11% | +44.52% | +65.00% |
| Change | -144.50 | -67.19 | -0.61 | - | +36.75 | +108.28 | +158.09 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 202.35 | 220.75 | 235.62 | 254.02 | 268.89 | 287.29 | 302.16 |
| Camarilla | 241.34 | 244.39 | 247.44 | 250.49 | 253.54 | 256.59 | 259.64 |
| Woodie | 200.59 | 219.87 | 233.86 | 253.14 | 267.13 | 286.41 | 300.40 |
| Fibonacci | 220.75 | 233.46 | 241.31 | 254.02 | 266.73 | 274.58 | 287.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 171.46 | 223.98 | 261.85 | 314.37 | 352.24 | 404.76 | 442.63 |
| Camarilla | 274.85 | 283.14 | 291.42 | 299.71 | 308.00 | 316.28 | 324.57 |
| Woodie | 164.13 | 220.32 | 254.52 | 310.71 | 344.91 | 401.10 | 435.30 |
| Fibonacci | 223.98 | 258.51 | 279.84 | 314.37 | 348.90 | 370.23 | 404.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 195.07 | 273.86 | 314.39 | 393.18 | 433.71 | 512.50 | 553.03 |
| Camarilla | 322.12 | 333.06 | 343.99 | 354.93 | 365.87 | 376.81 | 387.74 |
| Woodie | 175.95 | 264.30 | 295.27 | 383.62 | 414.59 | 502.94 | 533.91 |
| Fibonacci | 273.86 | 319.44 | 347.60 | 393.18 | 438.76 | 466.92 | 512.50 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.37 | |
| MACD (12,26,9): | -14.0600 | |
| Directional Movement: | -18.94 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 241.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 241.61 | |
| Elder Ray (13): | -9.32 | |
| Super Trend (3,10): | 276.50 | |
| Zig ZAG (10): | 244.28 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 20.51 | |
| TEMA (21): | 242.85 | |
| Williams %R (14): | -82.42 | |
| Chande Momentum Oscillator (20): | -17.58 | |
| Repulse (5,40,3): | -4.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8300 | |
| Courbe Coppock: | 9.10 |
| MA7: | 295.26 | |
| MA20: | 354.06 | |
| MA50: | 370.97 | |
| MA100: | 400.99 | |
| MAexp7: | 250.29 | |
| MAexp20: | 261.80 | |
| MAexp50: | 291.32 | |
| MAexp100: | 323.77 | |
| Price / MA7: | -17.62% | |
| Price / MA20: | -31.30% | |
| Price / MA50: | -34.43% | |
| Price / MA100: | -39.34% | |
| Price / MAexp7: | -2.82% | |
| Price / MAexp20: | -7.09% | |
| Price / MAexp50: | -16.51% | |
| Price / MAexp100: | -24.88% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on MONGODB INC. at the time of the generation of this analysis was as follows:
- MongoDB and Girls in Tech Join Forces to Empower Women in Ireland
- MongoDB and Girls in Tech Join Forces to Empower Women in Ireland
- MongoDB and Google Cloud Announce Expanded Partnership on Cloud Services
- MongoDB Hires Lena Smart as Chief Information Security Officer
- MongoDB Named a Leader by Independent Research Firm
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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