MONGOBDs stock price (MDB) fell in latest intraday trading on profit-taking, while gathering positive momentum to rise anew, while the price is hurt by piercing the main downward trend line in the short term, boosted by trading above the 50-day SMA, and coupled with positive signals from the Stochastic despite reaching overbought levels.

Therefore we expect the price to rise and target the first resistance at $250.95, provided the support of 198.58 holds on.

Todays price forecast: Bullish