American Stocks Analysis
Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
MONGODB extends losses - Analysis - 16-09-2022
Economies.com
2022-09-16 12:14PM UTC
MONGODB, INC's stock (MDB) kept falling in the intraday levels, while hurt by exiting an ascending correctional price channel that guided recent short-term trading, while trading alongside the main downward short-term trend line, while suffering negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of 213.40, provided the resistance of 278.70 holds on.
Expected trend for today: Bearish
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