Mobile Telesystems Pjsc (MBT): Price Now Near $8.55; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for MBT

At the moment, MBT (Get Ratings)’s price is up $0.01 (0.06%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as MBT has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

MBT ranks 28th in terms of today’s price percentage change out of Communication stocks.

MBT’s Technical Outlook on the Daily Chart

Currently, MBT’s price is up $0.07 (0.83%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Of note is that the 50 day changed directions on MBT; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Mobile Telesystems Pjsc’s price action over the past 90 days can be seen via the chart below.

MBT

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