Technical Analysis for MTBC - Medical Transcription Billing, Corp.
|Grade||Last Price||% Change||Price Change|
MTBC closed down 1.56 percent on Thursday, January 17, 2019, on 30 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
|Weak or Absent||Up||Down||Up|
|See historical MTBC trend table...|
|Date||Alert Name||Type||% Chg|
|Jan 17||50 DMA Resistance||Bearish||0.00%|
|Jan 17||Wide Bands||Range Expansion||0.00%|
|Jan 17||Overbought Stochastic||Strength||0.00%|
|Jan 16||MACD Bullish Centerline Cross||Bullish||-1.56%|
|Jan 16||Narrow Range Bar||Range Contraction||-1.56%|
|Jan 16||NR7||Range Contraction||-1.56%|
|Jan 16||Wide Bands||Range Expansion||-1.56%|
|Jan 16||Overbought Stochastic||Strength||-1.56%|
|Jan 15||50 DMA Resistance||Bearish||-1.12%|
|Jan 15||Bearish Engulfing||Bearish||-1.12%|
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Transcription Billing, Corp., a healthcare information technology company, provides an integrated suite of Web-based solutions and related business services primarily in the United States. It offers PracticePro, a Web-based software-as-a-service platform, which includes practice management software, and related tools and applications, which facilitate the day-to-day operation of a medical practice; electronic health record (EHR) solutions that facilitate customers to reduce paperwork and qualify for government incentives; and revenue cycle management services, such as end-to-end medical billing, analytics, and related services. The company also provides ChartsPro, a Web-based EHR solution; integrated clinical decision support tools, insurance eligibility verification, and patient engagement and education materials; automated prescription and lab connectivity services; and ancillary services comprising Web development and hosting, transcription, and coding and consulting services. It serves healthcare providers, including physicians, nurses, nurse practitioners, physician assistants, and other clinical staff that render bills for their services. The company was founded in 1999 and is headquartered in Somerset, New Jersey.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||5.65|
|52 Week Low||2.86|
|200-Day Moving Average||4.2936|
|50-Day Moving Average||4.5704|
|20-Day Moving Average||4.0525|
|10-Day Moving Average||4.384|
|Average True Range||0.247|
|Chandelier Exit (Long, 3 ATRs )||3.959|
|Chandelier Exit (Short, 3 ATRs )||3.991|
|Upper Bollinger Band||4.8086|
|Lower Bollinger Band||3.2964|
|Percent B (%b)||0.75|
|MACD Signal Line||-0.0775|
|Market Cap||50.73 Million|
|Num Shares||11.5 Million|
|Price-to-Earnings (P/E) Ratio||-4.14|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||4.73|
|Resistance 3 (R3)||4.75||4.68||4.68|
|Resistance 2 (R2)||4.68||4.60||4.67||4.66|
|Resistance 1 (R1)||4.55||4.55||4.52||4.53||4.65|
|Support 1 (S1)||4.35||4.40||4.32||4.33||4.21|
|Support 2 (S2)||4.28||4.35||4.27||4.20|
|Support 3 (S3)||4.15||4.28||4.18|
|Support 4 (S4)||4.13|