Taking everything into account, MRX scores 6 out of 10 in our technical rating. MRX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- 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.
- MRX is one of the better performing stocks in the Capital Markets industry, it outperforms 83% of 237 stocks in the same industry.
- Looking at the yearly performance, MRX did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- MRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRX is lagging the market.
- In the last month MRX has a been trading in the 37.54 - 41.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, MRX does present a nice setup opportunity. 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 a support zone below the current price at 37.93, a Stop Loss order could be placed below this zone.
More info and screens
31.75
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.12 to 37.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.45 to 40.84. 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 MRX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRX is neutral. |
| ChartMill Relative Strength | 79.69 | POSITIVE | MRX has a high relative strength, it outperformed 79.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.12 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests MRX has a negative trend. |
| Stochastics (14,3) | 37.63 | NEUTRAL | The Stochastics value for MRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.17 | NEUTRAL | The ADX value for MRX 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 |
|---|---|---|---|
| 39.76 | 38.47 | 1.29 (3.24%) | 25.00% |
| An entry @39.76. This is a Buy Stop order right above the 10 day moving average. | An exit @38.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.29 points, which is 3.24%. | For a 0.81% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MRX. 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.
38.94
-0.14 (-0.36%)
MAREX GROUP PLC / MRX FAQ
What is the technical rating for MRX stock?
ChartMill assigns a technical rating of 6 / 10 to MRX.
What is the trend direction for MRX stock?
The current trend direction for MAREX GROUP PLC (MRX) is Bullish.
Can you provide the RSI signal for MAREX GROUP PLC?
MAREX GROUP PLC (MRX) has an RSI value of 50.1197. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAREX GROUP PLC?
The MACD indicator for MAREX GROUP PLC (MRX) has a value of -0.178646, indicating a bearish trend.