MAREX GROUP PLC (MRX) Stock Technical Analysis
NASDAQ:MRX - Nasdaq - GB00BMT7GT62 - Common Stock - Currency: USD
Overall MRX gets a technical rating of 5 out of 10. MRX was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month MRX has a been trading in the 36.90 - 40.90 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, MRX did better than 91% of all other stocks. On top of that, MRX also shows a nice and consistent pattern of rising prices.
MRX is part of the Capital Markets industry. There are 233 other stocks in this industry. MRX outperforms 90% of them.
MRX has an average volume of 1266470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 39.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.83, a Stop Loss order could be placed below this zone.
More info and screens
34.13
40.86
3 important support areas can be observed.
- A support zone ranging from 37.83 to 37.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.07 to 37.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @34.47 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.95 to 40.46. 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 | DOWN | NEGATIVE | The short term trend for MRX is down. |
| ChartMill Relative Strength | 91.24 | POSITIVE | MRX has a high relative strength, it outperformed 91.24% 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) | DOWN | NEGATIVE | The current price of MRX is below a declining 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) | 36.96 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.5 | NEUTRAL | The Stochastics value for MRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 31.28 | POSITIVE | The high ADX value value for MRX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
37.84
-0.28 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.73%
1 Week-2.77%
2 Weeks-6.45%
1 Month-5%
3 Month1.12%
6 Month20.97%
12 Month91.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.53
ATR(20)%3.62%
ATR Inc3.42%
Range Today1.04
ADR(20)1.34
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.24
Mansfield0.8
10 Day High40.9
10 Day Low37.2
20 Day High40.9
20 Day Low36.9
52 Week High49.34
52 Week Low18.13
CS1 End37.83
CR1 Start39.95
Volume & EV
DER(3)-3.99%
DER(5)0.14%
Volume1.12M
Volume Incr6.83%
Vol(5)1.53M
Vol(50)1.27M