MACQUARIE INFRASTRUCTURE HOL (MIC) Stock Technical Analysis
NYSE:MIC - New York Stock Exchange, Inc. - US55608B1052 - Common Stock - Currency: USD
Taking everything into account, MIC scores 5 out of 10 in our technical rating. In the past year, MIC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MIC is a bad performer in the overall market: 87% of all stocks are doing better.
MIC is one of the lesser performing stocks in the Gas Utilities industry. 100% of 14 stocks in the same industry do better.
MIC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
MIC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MIC has an average volume of 1738410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MIC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.10. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
3.51
4.14
3 important support areas can be observed.
- A support zone ranging from 3.75 to 3.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 3.66 to 3.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 3.55 to 3.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 4.10 to 4.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MIC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIC is up. |
| ChartMill Relative Strength | 13.53 | NEGATIVE | MIC has a low relative strength, it was outperformed by 86.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.57 | OVERBOUGHT | The high RSI value suggests MIC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.99 | OVERBOUGHT | The high Stochastics value suggests MIC may be overbought. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for MIC suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.09
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0%
1 Week0.74%
2 Weeks0%
1 Month7.35%
3 Month9.65%
6 Month14.57%
12 Month-89.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%1.17%
ATR Inc-61.64%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.53
Mansfield-5.73
10 Day High4.1
10 Day Low4.04
20 Day High4.1
20 Day Low3.8
52 Week High40.85
52 Week Low3.53
CS1 End3.75
CR1 Start4.1
Volume & EV
DER(3)-1.91%
DER(5)0.25%
Volume1.95M
Volume Incr233.96%
Vol(5)5.71M
Vol(50)1.74M