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MONGODB’s stock price (MDB) rose in the intraday levels, amid the dominance of the main downward trend in the medium term, while hurt by piercing the upward correctional trend line in the short term, with negative pressure due to trading below the 50-day SMA, while the RSI reached overbought levels compared to the stock’s movements. 

Therefore we expect the price to return lower and target the pivotal support of $217.81, provided the resistance of $271.66 holds on.

Trend forecast for today: Likely Bearish 

Article originally posted on mongodb google news. Visit mongodb google news