VANECK MUNI ALLOCATION ETF (MAAX) Technical Analysis
NYSEARCA:MAAX • US92189H5081
Current stock price
MAAX Technical Rating and Analysis
Taking everything into account, MAAX scores 3 out of 10 in our technical rating. MAAX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- Warning: MAAX has an average volume of 216 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When compared to the yearly performance of all other stocks, MAAX outperforms 43% of them, which is more or less in line with the market.
- MAAX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MAAX is lagging the market slightly.
- In the last month MAAX has a been trading in a tight range between 20.36 and 20.75.
- Volume is considerably higher in the last couple of days.
MAAX Weekly and Daily overview Charts
MAAX Setup Rating and Analysis
MAAX has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MAAX Support and Resistance Analysis
19.67
2 important support areas can be observed.
- A support zone ranging from 20.53 to 20.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.87 to 20.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.73 to 20.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.16 to 21.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
MAAX Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MAAX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAAX is up. |
| ChartMill Relative Strength | 43.58 | NEUTRAL | MAAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MAAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MAAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.58 | NEUTRAL | The RSI value for MAAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MAAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.3 | OVERBOUGHT | The high Stochastics value suggests MAAX may be overbought. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for MAAX suggests low volalility. |
| Average Directional Index/ADX (14) | 14.77 | NEGATIVE | The low ADX value for MAAX suggests a weak or negative trend. |
MAAX Chart- and CandleStick Pattern Analysis
MAAX Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:MAAX (6/22/2023, 8:16:53 PM)
20.72
-0.03 (-0.12%)
VANECK MUNI ALLOCATION ETF / MAAX TA FAQ
What is the ChartMill technical rating of VANECK MUNI ALLOCATION ETF (MAAX) stock?
ChartMill assigns a technical rating of 3 / 10 to MAAX.
What is the trend direction for MAAX stock?
The current trend direction for VANECK MUNI ALLOCATION ETF (MAAX) is Bearish.
What is the RSI signal for VANECK MUNI ALLOCATION ETF (MAAX) stock?
VANECK MUNI ALLOCATION ETF (MAAX) has an RSI value of 54.578. This indicates that the stock is currently neutral.
What is the MACD signal for MAAX stock?
The MACD indicator for VANECK MUNI ALLOCATION ETF (MAAX) has a value of 0.0288485, indicating a bearish trend.
What is the buy/sell signal for MAAX stock?
The buy/sell signal for VANECK MUNI ALLOCATION ETF (MAAX) is hold as the short term and long term trends are mixed.