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MONGODB, INCMONGODB, INCMONGODB, INC

MONGODB, INC

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MongoDB Stock Plunges 23.85% On Weak GuidanceMongoDB shares ( NASDAQ:MDB ) fell more than 20% in premarket trading on Friday due to weak guidance from the company. The document-oriented database provider, which makes money by selling add-on features and support for its open-source document-oriented database, guided fiscal second-quarter adjusted earnings of between 46 cents and 49 cents per share, well below analysts' forecasts of 58 cents a share. It projects net sales in the period of $460.0 million to $464.0 million, also below the $470.4 million Street estimate. MongoDB ( NASDAQ:MDB ) now expects full-year adjusted earnings per share of between $2.15 and $2.30, compared with previous guidance of $2.27 to $2.49. The company pegs revenue at between $1.88 billion and $1.90 billion, versus a previous forecast of between $1.90 billion and $1.93 billion. The weak outlook follows light guidance from other enterprise software companies, such as Salesforce, UiPath, and Workday, as corporate customers spend more cautiously amid an uncertain economic environment. For the first fiscal quarter ending April 30, the company reported adjusted earnings of 51 cents per share on revenue of $450.6 million. Analysts had expected earnings of 40 cents a share on sales of $439.7 million. MongoDB shares ( NASDAQ:MDB ) have continued to move lower since a bull trap pattern appeared on the chart in mid-February. Recently, the 50-day moving average (MA) crossed below the 200-day MA to form a bearish death cross, with the price breaking down below the lower trendline of a multi-month trading range on Wednesday accompanied by the highest share turnover in a single day since early March.
NASDAQ:MDBShort
by DEXWireNews
This Could Be In TroubleNo reason to panic yet, but there might be one if 461 doesn't hold. This has the same setup that I've seen in any major decline following an upthrust/blow off top. Here are my expectations: Bearish Scenario - Gap down to 430-445 Tuesday morning (2/20) - Dead cat bounce to test 456-462 for resistance (point rejection level = 461.53) ** IF rejected, then it opens the door for an explosive drop to at least 396-418. Point target = 411 by 2/23/2024 ~If the 396-418 range does not hold as support, it could crash to as low as 335 ( downside targets if support breaks = 378, 362, 335 ) * If this occurs it will bottom around 2/28-3/1 and present a buying opportunity. ------------------------------------------------------------------------------------------------------------------ Bullish/Neutral scenarios (both less likely than the bearish scenario) 1) 461 holds as support: this would result MDB becoming range bound between 460-486 going into Earnings 3/7 2) 461 doesn't hold but it finds support at 428 (AB==CD), then it would test 461 for resistance. IF that does not hold as resistance then it will attempt a new high above 509 (likely would only make it to 486). -------------------------------------------------------------------------------------------------------------- Summary: - not expecting crash but its possible - looking to enter Mar 1 430 puts if we get gap down followed by rejection at or before 461, target 411 - this downside will be healthy for MDB mid-term, needs it to test 600s in the future
NASDAQ:MDBShort
by JerryManders
12
MDB - 7 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:MDBLong
by TheArtOfCharting
MongoDB Has Pulled BackMongoDB almost tripled between November 2022 and November 2023. Now some trend followers may see opportunity in its latest pullback. The first pattern on today’s chart is the falling trendline along the peaks of July and September. The software company broke it about a month ago and is now probing the line from above. Will old resistance become new support? The trendline is near the mid-October peak and the 50-day simple moving average (SMA). That creates some potential confluence for MDB. Stochastics have also dipped to an oversold condition. Next, Friday’s hammer candlestick may reflect buyers are starting to appear. Finally, MDB is bouncing today on news it will join the Nasdaq-100. That could suggest it’s in a longer-term uptrend -- especially with the 200-day SMA approaching from below. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MDB
by TradeStation