Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
London Stock Exchange, The
Overall MKS gets a technical rating of 10 out of 10. MKS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
MKS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 260.55, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MKS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
227.64
We found 4 important support areas.
- A support zone ranging from 251.45 to 260.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @246.16 from a trend line in the weekly time frame.
- A support zone ranging from 234.99 to 238.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @229.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @266.40 from a horizontal line in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 266.41 | 252.14 | 14.27 (5.36%) | 18.67% |
| An entry @266.41. This is a Buy Stop order right above the resistance zone. | An exit @252.14. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 14.27 points, which is 5.36%. | For a 1.00% total portfolio risk, you can invest 18.67% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.