MAGNACHIP SEMICONDUCTOR CORP (MX) Stock Technical Analysis
NYSE:MX - US55933J2033 - Common Stock
2.97 USD
-0.09 (-2.94%)
2.97 USD
0 (0%)
Overall MX gets a technical rating of 1 out of 10. MX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MX is a bad performer in the overall market: 92% of all stocks are doing better.
MX is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 89% are performing better than MX.
MX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MX has a been trading in the 2.66 - 3.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MX is bad and it also does not present a quality setup 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
2.61
4.97
When analyzing the support we notice one important area.
- A support zone ranging from 2.64 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.16 to 3.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.03 from a trend line in the weekly time frame.
- Resistance @4.21 from a trend line in the daily time frame.
- Resistance @4.36 from a trend line in the weekly time frame.
- Resistance @4.92 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for MX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MX is down. |
| ChartMill Relative Strength | 8.11 | NEGATIVE | MX has a low relative strength, it was outperformed by 91.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.08 | NEUTRAL | The RSI value for MX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.5 | NEUTRAL | The Stochastics value for MX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for MX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.43 | POSITIVE | The high ADX value value for MX suggests a strong trend. |
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)
2.97
-0.09 (-2.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.94%
1 Week3.13%
2 Weeks6.45%
1 Month4.95%
3 Month-19.73%
6 Month-27.91%
12 Month-33.41%
2 Year-64.26%
3 Year-71%
5 Year-78.32%
10 Year-54.93%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.2%
ATR Inc-23.84%
Range Today0.11
ADR(20)0.15
ADR(20)%4.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.11
Mansfield-3.01
10 Day High3.3
10 Day Low2.66
20 Day High3.3
20 Day Low2.66
52 Week High5.16
52 Week Low2.51
CS1 End2.69
CR1 Start3.16
Volume & EV
DER(3)8.06%
DER(5)7.24%
Volume220.70K
Volume Incr-16.09%
Vol(5)354.28K
Vol(50)276.80K