MARKETAXESS HOLDINGS INC (MKTX) Stock Technical Analysis
NASDAQ:MKTX • US57060D1081
Overall MKTX gets a technical rating of 7 out of 10. In the last year, MKTX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- MKTX is part of the Capital Markets industry. There are 238 other stocks in this industry. MKTX outperforms 75% of them.
- In the last month MKTX has a been trading in the 157.93 - 182.45 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, MKTX turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- MKTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MKTX is lagging the market.
MKTX has an excellent technical rating, but the quality of the setup is 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
157.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 175.16 to 180.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 158.84 to 160.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 182.87 to 183.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @188.46 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MKTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MKTX is up. |
| ChartMill Relative Strength | 48.47 | NEUTRAL | MKTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MKTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MKTX is above the rising 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) | 63.31 | NEUTRAL | The RSI value for MKTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.48 | POSITIVE | The MACD value suggests MKTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.87 | OVERBOUGHT | The high Stochastics value suggests MKTX may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for MKTX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.24 | NEUTRAL | The ADX value for MKTX suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 183.87 | 175.15 | 8.72 (4.74%) | 21.09% |
| An entry @183.87. This is a Buy Stop order right above the resistance zone. | An exit @175.15. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.72 points, which is 4.74%. | For a 1.00% total portfolio risk, you can invest 21.09% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MKTX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
181.65
+0.42 (+0.23%)
MARKETAXESS HOLDINGS INC / MKTX FAQ
What is the ChartMill technical rating of MARKETAXESS HOLDINGS INC (MKTX) stock?
ChartMill assigns a technical rating of 7 / 10 to MKTX.
What is the current trend direction of MARKETAXESS HOLDINGS INC (MKTX) stock?
The current trend direction for MARKETAXESS HOLDINGS INC (MKTX) is Bearish.
What is the RSI signal for MKTX stock?
MARKETAXESS HOLDINGS INC (MKTX) has an RSI value of 63.307. This indicates that the stock is currently neutral.
What is the MACD signal for MKTX stock?
The MACD indicator for MARKETAXESS HOLDINGS INC (MKTX) has a value of 1.48133, indicating a bullish trend.
What is the short term momentum for MKTX stock?
The short term momentum for MARKETAXESS HOLDINGS INC (MKTX) is positive.