We assign a technical rating of 0 out of 10 to MBG. MBG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
85% of all other stocks performed better in the past year than MBG.
MBG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month MBG has a been trading in the 45.60 - 56.60 range, which is quite wide. It is currently trading near the high of this range.
MBG has an average volume of 3465550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MBG is part of the Automobiles industry. There are 28 other stocks in this industry, MBG did better than 48% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.