MAREX GROUP PLC (MRX) Stock Technical Analysis
NASDAQ:MRX • GB00BMT7GT62
We assign a technical rating of 9 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 76% of all stocks.
- MRX is part of the Capital Markets industry. There are 238 other stocks in this industry. MRX outperforms 84% of them.
- MRX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MRX is lagging the market slightly.
- In the last month MRX has a been trading in the 38.05 - 44.63 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MRX has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
32.36
3 important support areas can be observed.
- A support zone ranging from 40.07 to 40.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.93 to 37.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.69 from a trend line in the weekly 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 | 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 | 76.37 | POSITIVE | MRX has a high relative strength, it outperformed 76.37% 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) | DOWN | MIXED | The current price of MRX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.05 | NEUTRAL | The RSI value for MRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests MRX has a positive trend. |
| Stochastics (14,3) | 86.79 | OVERBOUGHT | The high Stochastics value suggests MRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for MRX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.11 | NEGATIVE | The low ADX value for MRX suggests a weak or negative 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 |
|---|---|---|---|
| 44.64 | 39.19 | 5.45 (12.21%) | 8.19% |
| An entry @44.64. This is a Buy Stop order right above the 10 day high. | An exit @39.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.45 points, which is 12.21%. | For a 1.00% total portfolio risk, you can invest 8.19% of your capital in this trade. |
- 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.
43.81
+0.35 (+0.81%)
MAREX GROUP PLC / MRX FAQ
What is the technical rating for MRX stock?
ChartMill assigns a technical rating of 9 / 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 65.0499. 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 0.187053, 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.