MAGNACHIP SEMICONDUCTOR CORP (MX) Technical Analysis
NYSE:MX • US55933J2033
Current stock price
MX Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MX. MX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- MX is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 80% of 115 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month MX has a been trading in the 2.63 - 3.14 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, MX outperforms 45% of them, which is more or less in line with the market.
- MX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MX is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MX Weekly and Daily overview Charts
MX Setup Rating and Analysis
MX has an average technical rating and also 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
MX Support and Resistance Analysis
2.47
When analyzing the support we can see 4 important areas.
- Support @3.07 from a trend line in the daily time frame.
- A support zone ranging from 2.80 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.63 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.49 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.08 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.15 to 3.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
MX Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for MX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MX is up. |
| ChartMill Relative Strength | 45.04 | NEUTRAL | MX is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.75 | NEUTRAL | The RSI value for MX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MX has a positive trend. |
| Stochastics (14,3) | 79.26 | NEUTRAL | The Stochastics value for MX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.09 | NEGATIVE | The low ADX value for MX suggests a weak or negative trend. |
MX Chart- and CandleStick Pattern Analysis
MX Technicals: Chart, Performance Metrics, Trend & Indicators
3.07
+0.08 (+2.68%)
MAGNACHIP SEMICONDUCTOR CORP / MX TA FAQ
What is the technical rating for MX stock?
ChartMill assigns a technical rating of 6 / 10 to MX.
Can you provide the trend direction for MAGNACHIP SEMICONDUCTOR CORP?
The current trend direction for MAGNACHIP SEMICONDUCTOR CORP (MX) is Bearish.
What is the RSI signal for MAGNACHIP SEMICONDUCTOR CORP (MX) stock?
MAGNACHIP SEMICONDUCTOR CORP (MX) has an RSI value of 61.7456. This indicates that the stock is currently neutral.
What is the support and resistance level for MX stock?
MAGNACHIP SEMICONDUCTOR CORP (MX) has a support level at 3.07 and a resistance level at 3.08. Check the full technical report for our detailed analysis of MX support and resistance levels.