Overall MRX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MRX is showing a nice and steady performance.
MRX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 39.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.18, a Stop Loss order could be placed below this zone.
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31.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.06 to 39.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.82 to 34.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @31.33 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 39.20 to 39.49. 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 | 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 | 86.32 | POSITIVE | MRX has a high relative strength, it outperformed 86.32% 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) | 72.58 | OVERBOUGHT | The high RSI value suggests MRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.35 | OVERBOUGHT | The high Stochastics value suggests MRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.48 | 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 |
|---|---|---|---|
| 39.50 | 38.05 | 1.45 (3.67%) | 25.00% |
| An entry @39.50. This is a Buy Stop order right above the resistance zone. | An exit @38.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.45 points, which is 3.67%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
39.19
+0.18 (+0.46%)
MAREX GROUP PLC / MRX FAQ
What is the technical rating for MRX stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
Can you provide the RSI signal for MAREX GROUP PLC?
MAREX GROUP PLC (MRX) has an RSI value of 72.5787. This indicates that the stock is currently overbought.
What is the MACD signal for MRX stock?
The MACD indicator for MAREX GROUP PLC (MRX) has a value of 0.0581671, 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.