MAGNACHIP SEMICONDUCTOR CORP (MX) Stock Technical Analysis
USA - NYSE:MX - US55933J2033 - Common Stock
We assign a technical rating of 1 out of 10 to MX. MX'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.
MX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3 important support areas can be observed.
- A support zone ranging from 3.05 to 3.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.95 from a horizontal line in the daily time frame.
- 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.
5 important resistance areas can be observed.
- Resistance @3.27 from a horizontal line in the weekly time frame.
- Resistance @3.34 from a horizontal line in the daily time frame.
- Resistance @3.70 from a trend line in the weekly time frame.
- Resistance @3.87 from a trend line in the weekly time frame.
- Resistance @3.95 from a trend 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 MX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MX is neutral. |
| ChartMill Relative Strength | 21.26 | NEGATIVE | MX has a low relative strength, it was outperformed by 78.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MX is below the rising 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) | 50.61 | NEUTRAL | The RSI value for MX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MX has a positive trend. |
| Stochastics (14,3) | 32.5 | NEUTRAL | The Stochastics value for MX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for MX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.78 | NEGATIVE | The low ADX value for MX suggests a weak or negative trend. |
3.1
+0.11 (+3.68%)
MAGNACHIP SEMICONDUCTOR CORP / MX FAQ
What is the technical rating for MX stock?
ChartMill assigns a technical rating of 1 / 10 to MX.
What is the current trend direction of MAGNACHIP SEMICONDUCTOR CORP (MX) stock?
The current trend direction for MAGNACHIP SEMICONDUCTOR CORP (MX) is Bearish.
What is the RSI signal for MX stock?
MAGNACHIP SEMICONDUCTOR CORP (MX) has an RSI value of 50.605. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MAGNACHIP SEMICONDUCTOR CORP?
The short term momentum for MAGNACHIP SEMICONDUCTOR CORP (MX) is neutral.
Can you provide the support and resistance levels for MAGNACHIP SEMICONDUCTOR CORP?
MAGNACHIP SEMICONDUCTOR CORP (MX) has a support level at 3.08 and a resistance level at 3.27. Check the full technical report for our detailed analysis of MX support and resistance levels.