MannKind Corporation (NASDAQ:MNKD) Moving Downward?
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 4.49.
The projected lower bound is: 2.08.
The projected closing price is: 3.28.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 25 black candles for a net of 3 black candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 63.5786. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 45.45. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 15 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -72. This is not a topping or bottoming area. The last signal was a buy 8 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 14 period(s) ago.
Rex Takasugi – TD Profile
MANNKIND closed up 0.020 at 3.250. Volume was 49% below average (neutral) and Bollinger Bands were 87% wider than normal.
Open High Low Close Volume___
3.210 3.310 3.160 3.250 3,272,061
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 3.30 3.13 2.01
Volatility: 86 187 148
Volume: 5,034,308 10,025,968 4,364,133
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
MANNKIND is currently 61.3% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect very strong flows of volume out of MNKD.O (bearish). Our trend forecasting oscillators are currently bearish on MNKD.O and have had this outlook for the last 7 periods.
Latest posts by HEFFX Australia (see all)
- Apple Inc. (NASDAQ:AAPL) price target was raised to $300 from $250 - December 6, 2019
- United States Oil (USO) drops as market awaits ratification of OPEC+ supply cut - December 6, 2019
- Facebook, Inc. (NASDAQ:FB) outpaced the S&P 500’s daily gain of 0.15% - December 6, 2019