MAREX GROUP PLC (MRX) Stock Technical Analysis
USA - NASDAQ:MRX - GB00BMT7GT62 - Common Stock
Taking everything into account, MRX scores 4 out of 10 in our technical rating. In the past year, MRX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
MRX 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.
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29.62
3 important support areas can be observed.
- A support zone ranging from 31.24 to 31.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @30.72 from a trend line in the weekly time frame.
- A support zone ranging from 29.92 to 30.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.90 to 34.90. 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 | 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 | 71.34 | POSITIVE | MRX has a high relative strength, it outperformed 71.34% 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) | DOWN | MIXED | The current price of MRX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.03 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests MRX has a positive trend. |
| Stochastics (14,3) | 93.75 | OVERBOUGHT | The high Stochastics value suggests MRX may be overbought. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.24 | NEUTRAL | The ADX value for MRX suggests a possible start of a new trend. |
34.89
+0.23 (+0.66%)
MAREX GROUP PLC / MRX FAQ
What is the technical rating for MRX stock?
ChartMill assigns a technical rating of 4 / 10 to MRX.
What is the current trend direction of MAREX GROUP PLC (MRX) stock?
The current trend direction for MAREX GROUP PLC (MRX) is Bearish.
Can you provide the RSI signal for MAREX GROUP PLC?
MAREX GROUP PLC (MRX) has an RSI value of 68.0314. This indicates that the stock is currently neutral.
What is the MACD signal for MRX stock?
The MACD indicator for MAREX GROUP PLC (MRX) has a value of 0.60343, indicating a bearish trend.
What is the short term momentum for MAREX GROUP PLC (MRX) stock?
The short term momentum for MAREX GROUP PLC (MRX) is positive.