When the Price of Mongodb Inc. ($MDB) Talks, People Listen

December 18, 2023, 00:20 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MDB

• Buy MDB slightly over 362.64 target 424.24 stop loss @ 361.59 Details

The technical summary data tells us to buy MDB near 362.64 with an upside target of 424.24. This data also tells us to set a stop loss @ 361.59 to protect against excessive loss in case the stock begins to move against the trade. 362.64 is the first level of support below 420.17 , and by rule, any test of support is a buy signal. In this case, support 362.64 would be being tested, so a buy signal would exist.

• Short MDB slightly under 424.24, target 362.64, stop loss @ 425.47 Details

The technical summary data is suggesting a short of MDB as it gets near 424.24 with a downside target of 362.64. We should have a stop loss in place at 425.47though. 424.24 is the first level of resistance above 420.17, and by rule, any test of resistance is a short signal. In this case, if resistance 424.24 is being tested, so a short signal would exist.

Swing Trading Plans for MDB

• Buy MDB slightly over 424.24, target 488.97, Stop Loss @ 423.01 Details

If 424.24 begins to break higher, the technical summary data tells us to buy MDB just slightly over 424.24, with an upside target of 488.97. The data also tells us to set a stop loss @ 423.01 in case the stock turns against the trade. 424.24 is the first level of resistance above 420.17, and by rule, any break above resistance is a buy signal. In this case, 424.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MDB slightly near 424.24, target 415.43, Stop Loss @ 425.47. Details

The technical summary data is suggesting a short of MDB if it tests 424.24 with a downside target of 415.43. We should have a stop loss in place at 425.47 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 424.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MDB

• Buy MDB slightly over 424.24, target 425.56, Stop Loss @ 423.25 Details

If 424.24 begins to break higher, the technical summary data tells us to buy MDB just slightly over 424.24, with an upside target of 425.56. The data also tells us to set a stop loss @ 423.25 in case the stock turns against the trade. 424.24 is the first level of resistance above 420.17, and by rule, any break above resistance is a buy signal. In this case, 424.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MDB slightly near 424.24, target 415.43, Stop Loss @ 425.23. Details

The technical summary data is suggesting a short of MDB if it tests 424.24 with a downside target of 415.43. We should have a stop loss in place at 425.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 424.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Mongodb Inc. (MDB) available here: MDB.

MDB Ratings for December 18:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	362.64
P2	412.23	381.64	424.24
P3	425.56	415.43	488.97

AI Generated Signals for MDB

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Mongodb Inc. (NYSE: MDB) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for MDB can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.