GLOBAL X AI INFRAS INDX (MTRX.CA) Stock Technical Analysis
TSX-V:MTRX - TSX Venture Exchange - CA37966A1012 - ETF - Currency: CAD
We assign a technical rating of 6 out of 10 to MTRX. In the last year, MTRX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, MTRX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.85, a Stop Loss order could be placed below this zone.
More info and screens
22.62
We found 1 important support area.
- A support zone ranging from 22.85 to 22.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @24.03 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 | UP | POSITIVE | The long term trend for MTRX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTRX.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MTRX.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTRX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTRX.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 58.34 | NEUTRAL | The RSI value for MTRX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MTRX.CA has a negative trend. |
| Stochastics (14,3) | 56.21 | NEUTRAL | The Stochastics value for MTRX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for MTRX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 43.39 | POSITIVE | The high ADX value value for MTRX.CA 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 |
|---|---|---|---|
| 24.04 | 22.84 | 1.20 (4.99%) | 20.03% |
| An entry @24.04. This is a Buy Stop order right above the resistance zone. | An exit @22.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.20 points, which is 4.99%. | For a 1.00% total portfolio risk, you can invest 20.03% 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.
TSX-V:MTRX (8/15/2025, 7:00:00 PM)
23.53
+0.02 (+0.09%)