Mongodb, Inc. Class A | MDB

Daily Technical Analysis of Mongodb, Inc. Class A

Mongodb had a rough day and is now down -9.35%. Investors weren't too impressed with the future outlook for the Application Software company which caused some selling on weak demand. It looks like MDB may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. In addition to being near an angled support line MDB is near a weak support line. We'll see if it bounces off or heads lower. Mongodb hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.

If we get a reversal off of support and Mongodb starts moving up, it can probably get to $298.515 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Mongodb By Price Target And Rating

The analysts are pretty neutral on MongoDB right now, so not much useful information here. The current Analysts Sentiment Score is 2.55. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Tigress Financial decided to move up their price target on 2024-03-28 to $500.00 which is a 1.01% increase. Redburn Atlantic announced that they are reiterating a rating of Neutral on 2024-03-19 and dropped their 1 year price target to $295.00 which is down from $410.00. Stifel Nicolaus reiterated a rating of Buy on 2024-03-14 and provided a price target of $435.00. DA Davidson upgraded from Neutral to Buy on 2024-03-08 and provided a price target boost 6.17% to $430.00 from $405.00. On 2024-03-06 Citigroup increased their price target by 6.8% to $550.00. Guggenheim boosted their price targ by 8.8% to $272.00 on 2024-03-04. Truist Financial decided to move up their price target on 2024-02-20 to $500.00 which is a 13.64% increase. KeyCorp provided a price target boost of 8.6% to $543.00 from $500.00 on 2024-02-14. JMP Securities reiterated a rating of Market Outperform on 2024-01-22 and added a price target of $440.00. Needham & Company LLC announced that they are reiterating a rating of Buy on 2024-01-17 and they set their price target at $495.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for MongoDB

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for MongoDB

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.