MAREX GROUP PLC (MRX) Stock Technical Analysis
USA - NASDAQ:MRX - GB00BMT7GT62 - Common Stock
We assign a technical rating of 0 out of 10 to MRX. MRX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MRX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 30.35, a Stop Loss order could be placed below this zone.
More info and screens
29.68
We found 1 important support area.
- A support zone ranging from 29.98 to 30.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 30.59 to 31.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.23 from a trend line in the daily time frame.
- Resistance @34.10 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for MRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRX is down. |
| ChartMill Relative Strength | 38.35 | NEUTRAL | MRX is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.14 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MRX has a positive trend. |
| Stochastics (14,3) | 58.66 | NEUTRAL | The Stochastics value for MRX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.34 | POSITIVE | The high ADX value value for MRX suggests a strong trend. |
30.58
+0.25 (+0.82%)
MAREX GROUP PLC / MRX FAQ
What is the technical rating for MRX stock?
ChartMill assigns a technical rating of 0 / 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 44.1439. 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 0.131284, 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 negative.