MAREX GROUP PLC (MRX) Technical Analysis
NASDAQ:MRX • GB00BMT7GT62
Current stock price
49.98 USD
+1.01 (+2.06%)
At close:
50.95 USD
+0.97 (+1.94%)
After Hours:
MRX Technical Rating and Analysis
We assign a technical rating of 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MRX is one of the better performing stocks in the market, outperforming 83% of all stocks.
- MRX is part of the Capital Markets industry. There are 239 other stocks in this industry. MRX outperforms 88% of them.
- MRX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MRX is leading the market.
- In the last month MRX has a been trading in the 34.47 - 50.32 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 present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MRX Support and Resistance Analysis
32.97
50.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 40.40 to 40.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.87 to 36.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.30 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 | 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 | 83.34 | POSITIVE | MRX has a high relative strength, it outperformed 83.34% 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) | 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) | 76.89 | OVERBOUGHT | The high RSI value suggests MRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.19 | POSITIVE | The MACD value suggests MRX has a positive trend. |
| Stochastics (14,3) | 99.02 | OVERBOUGHT | The high Stochastics value suggests MRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 31.89 | POSITIVE | The high ADX value value for MRX suggests a strong trend. |
MRX Chart- and CandleStick Pattern Analysis
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)
MRX Technicals: Chart, Performance Metrics, Trend & Indicators
49.98
+1.01 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg2.06%
1 Week16.1%
2 Weeks28.62%
1 Month39.65%
3 Month31.08%
6 Month66.21%
12 Month33.56%
2 Year159.5%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.1
ATR(20)%3.87%
ATR Inc3.11%
Range Today2.09
ADR(20)1.75
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.34
3 months CRS94.6
6 months CRS96
Mansfield2.39
10 Day High50.32
10 Day Low39.8
20 Day High50.32
20 Day Low34.47
52 Week High50.32
52 Week Low27.91
CS1 End40.98
CR1 StartN/A
Volume & EV
DER(3)3.47%
DER(5)4.42%
Volume1.90M
Volume Incr31.85%
Vol(5)1.54M
Vol(50)971.06K
MAREX GROUP PLC / MRX TA FAQ
What is the technical rating for MRX stock?
ChartMill assigns a technical rating of 10 / 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 76.8856. This indicates that the stock is currently overbought.
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 40.98. Check the full technical report for our detailed analysis of MRX support and resistance levels.