MONGODB INC. - Daily - Technical analysis published on 11/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 125.38 USD
My targets
135.88 USD (+3.78%)
147.78 USD (+12.87%)
My analysis
The strong short-term increase in MONGODB INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 125.38 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 135.88 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 147.78 USD as an objective. Crossing it would then enable buyers to target 154.64 USD. Caution, a return under 125.38 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MONGODB INC. rating 130.93 USD. On the day, this instrument gained +1.72% with the lowest point at 128.04 USD and the highest point at 131.20 USD. The deviation from the price is +2.26% for the low point and -0.21% for the high point.128.04
131.20
130.93
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of MONGODB INC. indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 107.92 | 114.77 | 125.38 | 130.93 | 135.88 | 147.78 | 154.64 |
| Change (%) | -17.57% | -12.34% | -4.24% | - | +3.78% | +12.87% | +18.11% |
| Change | -23.01 | -16.16 | -5.55 | - | +4.95 | +16.85 | +23.71 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.33 | 124.67 | 126.69 | 128.03 | 130.05 | 131.39 | 133.41 |
| Camarilla | 127.80 | 128.10 | 128.41 | 128.72 | 129.03 | 129.34 | 129.64 |
| Woodie | 123.68 | 124.84 | 127.04 | 128.20 | 130.40 | 131.56 | 133.76 |
| Fibonacci | 124.67 | 125.95 | 126.74 | 128.03 | 129.31 | 130.10 | 131.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.20 | 116.89 | 121.51 | 126.21 | 130.83 | 135.52 | 140.14 |
| Camarilla | 123.57 | 124.42 | 125.28 | 126.13 | 126.98 | 127.84 | 128.69 |
| Woodie | 112.16 | 116.87 | 121.47 | 126.19 | 130.79 | 135.50 | 140.10 |
| Fibonacci | 116.89 | 120.45 | 122.65 | 126.21 | 129.76 | 131.96 | 135.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.43 | 96.52 | 112.15 | 126.24 | 141.86 | 155.95 | 171.57 |
| Camarilla | 119.60 | 122.32 | 125.05 | 127.77 | 130.49 | 133.22 | 135.94 |
| Woodie | 83.20 | 96.90 | 112.91 | 126.62 | 142.63 | 156.33 | 172.34 |
| Fibonacci | 96.52 | 107.87 | 114.88 | 126.24 | 137.59 | 144.60 | 155.95 |
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): | 54.77 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -2.50 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 126.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.14 | |
| Elder Ray (13): | 2.56 | |
| Super Trend (3,10): | 138.00 | |
| Zig ZAG (10): | 130.93 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 65.28 | |
| TEMA (21): | 128.31 | |
| Williams %R (14): | -26.42 | |
| Chande Momentum Oscillator (20): | 2.91 | |
| Repulse (5,40,3): | 4.4400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 10.50 |
| MA7: | 126.92 | |
| MA20: | 124.58 | |
| MA50: | 127.95 | |
| MA100: | 139.03 | |
| MAexp7: | 127.83 | |
| MAexp20: | 126.90 | |
| MAexp50: | 129.90 | |
| MAexp100: | 133.29 | |
| Price / MA7: | +3.16% | |
| Price / MA20: | +5.10% | |
| Price / MA50: | +2.33% | |
| Price / MA100: | -5.83% | |
| Price / MAexp7: | +2.43% | |
| Price / MAexp20: | +3.18% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | -1.77% |
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.
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