MACQUARIE INFRASTRUCTURE HOL (MIC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MIC - US55608B1052 - Common Stock
Taking everything into account, MIC scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MIC was also a bad performer in the overall market in the last year.
MIC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
We found 3 important support areas.
- 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. |
4.09
0 (0%)
MACQUARIE INFRASTRUCTURE HOL / MIC FAQ
Can you provide the ChartMill technical rating for MACQUARIE INFRASTRUCTURE HOL?
ChartMill assigns a technical rating of 5 / 10 to MIC.
Can you provide the trend direction for MACQUARIE INFRASTRUCTURE HOL?
The current trend direction for MACQUARIE INFRASTRUCTURE HOL (MIC) is Bearish.
Can you provide the RSI signal for MACQUARIE INFRASTRUCTURE HOL?
MACQUARIE INFRASTRUCTURE HOL (MIC) has an RSI value of 75.5726. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for MACQUARIE INFRASTRUCTURE HOL?
The buy/sell signal for MACQUARIE INFRASTRUCTURE HOL (MIC) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for MACQUARIE INFRASTRUCTURE HOL (MIC) stock?
MACQUARIE INFRASTRUCTURE HOL (MIC) has a support level at 3.75 and a resistance level at 4.1. Check the full technical report for our detailed analysis of MIC support and resistance levels.