NYSE:MRDB - New York Stock Exchange, Inc. - IE0008908NI4 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to MRDB. Although MRDB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, MRDB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.55, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
0.50
We found 5 important support areas.
When analyzing the resistance we notice 3 important areas.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
0.56 | 0.54 | 0.02 (3.57%) | 25.00% |
An entry @0.56. This is a Buy Stop order right above the resistance zone. | An exit @0.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.02 points, which is 3.57%. | For a 0.89% total portfolio risk, you can invest 25.00% of your capital in this trade. |
0.5494
+0 (+0.7%)