DEFIANCE DT 2X LG MRNA ETF (MRNX) Technical Analysis
NYSEARCA:MRNX • US88636X8157
Current stock price
MRNX Technical Rating and Analysis
Taking everything into account, MRNX scores 4 out of 10 in our technical rating. In the last year, MRNX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, MRNX is a bad performer in the overall market: 100% of all stocks are doing better.
- Warning: MRNX has an average volume of 11740 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month MRNX has a been trading in the 23.31 - 31.92 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MRNX Weekly and Daily overview Charts
MRNX Setup Rating and Analysis
MRNX has an average technical rating and it also does not offer a high quality setup 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
MRNX Support and Resistance Analysis
29.46
We found 1 important resistance area.
- A resistance zone ranging from 29.76 to 29.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
MRNX Technical Indicator Signal Analysis
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 MRNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRNX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MRNX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRNX is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 57.24 | NEUTRAL | The RSI value for MRNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MRNX has a positive trend. |
| Stochastics (14,3) | 78.8 | NEUTRAL | The Stochastics value for MRNX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.39 | HIGH VOLATILITY | The high ATR as a percentage value for MRNX suggests high volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for MRNX suggests a possible start of a new trend. |
MRNX Chart- and CandleStick Pattern Analysis
MRNX Technicals: Chart, Performance Metrics, Trend & Indicators
29.7528
+0.93 (+3.23%)
DEFIANCE DT 2X LG MRNA ETF / MRNX TA FAQ
What is the technical rating for MRNX stock?
ChartMill assigns a technical rating of 4 / 10 to MRNX.
What is the trend direction for MRNX stock?
The current trend direction for DEFIANCE DT 2X LG MRNA ETF (MRNX) is Bullish.
What is the RSI signal for DEFIANCE DT 2X LG MRNA ETF (MRNX) stock?
DEFIANCE DT 2X LG MRNA ETF (MRNX) has an RSI value of 57.2418. This indicates that the stock is currently neutral.
What is the MACD signal for MRNX stock?
The MACD indicator for DEFIANCE DT 2X LG MRNA ETF (MRNX) has a value of 0.199106, indicating a bearish trend.
What is the short term momentum for DEFIANCE DT 2X LG MRNA ETF (MRNX) stock?
The short term momentum for DEFIANCE DT 2X LG MRNA ETF (MRNX) is positive.