MAREX GROUP PLC (MRX) Technical Analysis
NASDAQ:MRX • GB00BMT7GT62
Current stock price
MRX Technical Rating and Analysis
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 one of the better performing stocks in the Capital Markets industry, it outperforms 86% of 239 stocks in the same industry.
- MRX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MRX has a been trading in the 44.28 - 54.60 range, which is quite wide. It is currently trading near the high of this range.
- MRX has an average volume of 1121870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, MRX did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MRX Weekly and Daily overview Charts
MRX Setup Rating and Analysis
MRX has an excellent technical rating and 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.
More info and screens
MRX Support and Resistance Analysis
33.33
When analyzing the support we can see 3 important areas.
- Support @49.45 from a horizontal line in the daily time frame.
- A support zone ranging from 36.53 to 37.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.67 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.81 to 53.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 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 | 80.19 | POSITIVE | MRX has a high relative strength, it outperformed 80.19% 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) | 64.87 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests MRX has a negative trend. |
| Stochastics (14,3) | 72.76 | NEUTRAL | The Stochastics value for MRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 37.03 | 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
52.49
-0.86 (-1.61%)
MAREX GROUP PLC / MRX TA 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.
What is the RSI signal for MRX stock?
MAREX GROUP PLC (MRX) has an RSI value of 64.8708. 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 49.45 and a resistance level at 52.81. Check the full technical report for our detailed analysis of MRX support and resistance levels.