MARQETA INC-A (MQ) Stock Technical Analysis
NASDAQ:MQ - US57142B1044 - Common Stock
6.18 USD
+0.24 (+4.04%)
6.18 USD
0 (0%)
We assign a technical rating of 7 out of 10 to MQ. Although MQ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
MQ is part of the Financial Services industry. There are 100 other stocks in this industry. MQ outperforms 82% of them.
MQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MQ is lagging the market slightly.
MQ has an average volume of 5454460 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 78% 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 the 5.48 - 7.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 6.03, a Stop Loss order could be placed below this zone.
More info and screens
3.61
6.60
5 important support areas can be observed.
- A support zone ranging from 5.85 to 6.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.52 to 5.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.38 from a horizontal line in the daily time frame.
- Support @4.36 from a trend line in the daily time frame.
- Support @3.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @6.53 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 | UP | POSITIVE | The long term trend for MQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MQ is neutral. |
| ChartMill Relative Strength | 78.89 | POSITIVE | MQ has a high relative strength, it outperformed 78.89% 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) | 54.77 | 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) | 34.91 | NEUTRAL | The Stochastics value for MQ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for MQ suggests some volalility. |
| Average Directional Index/ADX (14) | 29.17 | POSITIVE | The high ADX value value for MQ 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)
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 |
|---|---|---|---|
| 6.54 | 5.85 | 0.69 (10.55%) | 9.48% |
| An entry @6.54. This is a Buy Stop order right above the resistance zone. | An exit @5.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.69 points, which is 10.55%. | When investing 9.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
6.18
+0.24 (+4.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg4.04%
1 Week-0.48%
2 Weeks-5.21%
1 Month6.74%
3 Month21.89%
6 Month67.48%
12 Month15.73%
2 Year0.49%
3 Year-20.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.82%
ATR Inc-28.43%
Range Today0.26
ADR(20)0.2
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.89
Mansfield2.09
10 Day High6.55
10 Day Low5.86
20 Day High7.04
20 Day Low5.48
52 Week High7.04
52 Week Low3.37
CS1 End6.03
CR1 Start6.53
Volume & EV
DER(3)-0.67%
DER(5)0.22%
Volume3.12M
Volume Incr-32.48%
Vol(5)3.61M
Vol(50)5.45M