We assign a technical rating of 9 out of 10 to MRX. Both in the recent history as in the last year, MRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- MRX is part of the Capital Markets industry. There are 238 other stocks in this industry. MRX outperforms 85% of them.
- In the last month MRX has a been trading in the 37.54 - 40.77 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that MRX is one of the better performing stocks in the market, outperforming 84% of all 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.
MRX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 40.45. Right above this resistance zone may be a good entry point. 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
31.63
We found 3 important support areas.
- A support zone ranging from 37.03 to 37.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.43 from a trend line in the daily time frame.
- Support @31.95 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 40.45 to 40.46. 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 | UP | POSITIVE | The short term trend for MRX is up. |
| ChartMill Relative Strength | 84.73 | POSITIVE | MRX has a high relative strength, it outperformed 84.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRX is above the rising 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) | 60.5 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.28 | OVERBOUGHT | The high Stochastics value suggests MRX may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.45 | POSITIVE | The high ADX value value for MRX suggests a strong 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 |
|---|---|---|---|
| 40.47 | 37.53 | 2.94 (7.26%) | 13.77% |
| An entry @40.47. This is a Buy Stop order right above the resistance zone. | An exit @37.53. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.94 points, which is 7.26%. | When investing 13.77% 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.
39.87
-0.58 (-1.43%)
MAREX GROUP PLC / MRX FAQ
What is the technical rating for MRX stock?
ChartMill assigns a technical rating of 9 / 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 60.5019. 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 -0.0334995, indicating a bearish trend.
What is the buy/sell signal for MRX stock?
The buy/sell signal for MAREX GROUP PLC (MRX) is buy as both the short term and long term trends are positive.