Taking everything into account, MRX scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, MRX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.93, a Stop Loss order could be placed below this zone.
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31.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.93 to 37.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.73 to 36.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.70 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.78 to 40.45. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 83.38 | POSITIVE | MRX has a high relative strength, it outperformed 83.38% 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) | 51.38 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MRX has a negative trend. |
| Stochastics (14,3) | 21.71 | NEUTRAL | The Stochastics value for MRX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.33 | 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 |
|---|---|---|---|
| 38.79 | 37.92 | 0.87 (2.24%) | 25.00% |
| An entry @38.79. This is a Buy Stop order right above the 10 day moving average. | An exit @37.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.87 points, which is 2.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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.
38.13
-0.14 (-0.37%)
MAREX GROUP PLC / MRX 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 Bullish.
Can you provide the RSI signal for MAREX GROUP PLC?
MAREX GROUP PLC (MRX) has an RSI value of 51.3836. 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 -0.321648, 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.