MACQUARIE INFRASTRUCTURE HOL (MIC) Stock Technical Analysis
NYSE:MIC • US55608B1052
Overall MIC gets a technical rating of 5 out of 10. 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.
- 87% of all other stocks performed better in the past year than MIC.
- MIC is part of the Gas Utilities industry. There are 15 other stocks in this industry, of which 100% are performing better than MIC.
- 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.
Although the technical rating is only medium, MIC does present a nice setup opportunity. 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. 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
When analyzing the support we can see 3 important 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.
What is the trend direction for MIC stock?
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 short term momentum for MACQUARIE INFRASTRUCTURE HOL?
The short term momentum for MACQUARIE INFRASTRUCTURE HOL (MIC) is positive.
What is the support and resistance level for 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.