MARQETA INC-A (MQ) Stock Technical Analysis
NASDAQ:MQ - Nasdaq - US57142B1044 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to MQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MQ is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
MQ is part of the Financial Services industry. There are 100 other stocks in this industry. MQ outperforms 88% of them.
MQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MQ has an average volume of 7074890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MQ is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month MQ has a been trading in a tight range between 5.70 and 6.01.
Considerably lower volume is observed in the last couple of days.
MQ has an excellent technical rating and also presents 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 5.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.86, a Stop Loss order could be placed below this zone.
More info and screens
3.39
6.06
5 important support areas can be observed.
- A support zone ranging from 5.85 to 5.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.70 to 5.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.21 from a trend line in the daily time frame.
- A support zone ranging from 3.63 to 3.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.91 to 6.00. 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 | UP | POSITIVE | The long term trend for MQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MQ is up. |
| ChartMill Relative Strength | 84.92 | POSITIVE | MQ has a high relative strength, it outperformed 84.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.51 | NEUTRAL | The RSI value for MQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.44 | NEUTRAL | The Stochastics value for MQ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for MQ suggests some volalility. |
| Average Directional Index/ADX (14) | 22.7 | NEUTRAL | The ADX value for MQ suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 6.01 | 5.84 | 0.17 (2.83%) | 25.00% |
| An entry @6.01. This is a Buy Stop order right above the resistance zone. | An exit @5.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 2.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of MQ. 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.
5.89
+0.04 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.68%
1 Week0.17%
2 Weeks-1.67%
1 Month2.43%
3 Month48.36%
6 Month56.23%
12 Month9.68%
2 Year5.56%
3 Year-38.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%2.39%
ATR Inc-17.76%
Range Today0.11
ADR(20)0.14
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.92
Mansfield1.72
10 Day High6.01
10 Day Low5.7
20 Day High6.01
20 Day Low5.7
52 Week High6.01
52 Week Low3.37
CS1 End5.86
CR1 Start5.91
Volume & EV
DER(3)-2.22%
DER(5)-2.11%
Volume2.83M
Volume Incr-37.06%
Vol(5)3.77M
Vol(50)7.07M