MAREX GROUP PLC (MRX) Technical Analysis
NASDAQ:MRX • GB00BMT7GT62
Current stock price
MRX Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to MRX. In the last year, MRX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When comparing the yearly performance of all stocks, we notice that MRX is one of the better performing stocks in the market, outperforming 75% of all stocks.
- MRX is one of the better performing stocks in the Capital Markets industry, it outperforms 83% of 240 stocks in the same industry.
- MRX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MRX is performing more or less in line with the market.
- In the last month MRX has a been trading in the 34.10 - 45.12 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MRX Weekly and Daily overview Charts
MRX Setup Rating and Analysis
Although MRX has an excellent technical rating, it 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
MRX Support and Resistance Analysis
32.85
2 important support areas can be observed.
- A support zone ranging from 35.65 to 35.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.18 from a trend line in the weekly time frame.
MRX 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 | NEUTRAL | NEUTRAL | The long term trend for MRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRX is up. |
| ChartMill Relative Strength | 75.83 | POSITIVE | MRX has a high relative strength, it outperformed 75.83% 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) | 65.23 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests MRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.81 | OVERBOUGHT | The high Stochastics value suggests MRX may be overbought. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.25 | POSITIVE | The high ADX value value for MRX suggests a strong trend. |
MRX Chart- and CandleStick Pattern Analysis
MRX Technicals: Chart, Performance Metrics, Trend & Indicators
43.9
+0.85 (+1.97%)
MAREX GROUP PLC / MRX TA FAQ
What is the technical rating for MRX stock?
ChartMill assigns a technical rating of 8 / 10 to MRX.
What is the trend direction for MRX stock?
The current trend direction for MAREX GROUP PLC (MRX) is Bearish.
What is the RSI signal for MRX stock?
MAREX GROUP PLC (MRX) has an RSI value of 65.2335. This indicates that the stock is currently neutral.
What is the short term momentum for MAREX GROUP PLC (MRX) stock?
The short term momentum for MAREX GROUP PLC (MRX) is positive.
What is the support and resistance level for MRX stock?
MAREX GROUP PLC (MRX) has a support level at 35.81. Check the full technical report for our detailed analysis of MRX support and resistance levels.