MARKETAXESS HOLDINGS INC (MKTX) Stock Technical Analysis
NASDAQ:MKTX - US57060D1081 - Common Stock
188.73 USD
+1.88 (+1.01%)
188.73 USD
0 (0%)
Overall MKTX gets a technical rating of 0 out of 10. MKTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MKTX is a bad performer in the overall market: 89% of all stocks are doing better.
MKTX is part of the Capital Markets industry. There are 237 other stocks in this industry, of which 83% are performing better than MKTX.
MKTX 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.
MKTX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, MKTX does present a nice setup opportunity. 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 190.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 188.23, a Stop Loss order could be placed below this zone.
More info and screens
182.58
295.78
We found 1 important support area.
- A support zone ranging from 184.42 to 188.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 190.05 to 190.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 203.88 to 208.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 215.46 to 217.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @225.89 from a horizontal line in the daily time frame.
- Resistance @292.85 from a horizontal line in the weekly time frame.
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 MKTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MKTX is down. |
| ChartMill Relative Strength | 11.53 | NEGATIVE | MKTX has a low relative strength, it was outperformed by 88.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MKTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MKTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MKTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.41 | NEUTRAL | The RSI value for MKTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests MKTX has a positive trend. |
| Stochastics (14,3) | 19.36 | OVERSOLD | The low Stochastics value suggests MKTX may be oversold. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for MKTX suggests some volalility. |
| Average Directional Index/ADX (14) | 36.03 | POSITIVE | The high ADX value value for MKTX suggests a strong trend. |
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)
188.73
+1.88 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.01%
1 Week-0.69%
2 Weeks0.92%
1 Month-10.74%
3 Month-13.37%
6 Month-2.7%
12 Month-19.97%
2 Year-21.67%
3 Year-24.08%
5 Year-61.16%
10 Year108.73%
15 Year1134.34%
Volatility
ATR(14)5.46
ATR(20)%2.65%
ATR Inc-24.17%
Range Today2.45
ADR(20)4.58
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.53
Mansfield-2.52
10 Day High192.29
10 Day Low184.84
20 Day High211.16
20 Day Low183
52 Week High296.68
52 Week Low183
CS1 End188.23
CR1 Start190.05
Volume & EV
DER(3)2.09%
DER(5)0.99%
Volume589.50K
Volume Incr-5.4%
Vol(5)553.24K
Vol(50)477.59K