MAGNACHIP SEMICONDUCTOR CORP (MX) Stock Technical Analysis
NYSE:MX - New York Stock Exchange, Inc. - US55933J2033 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MX. In the past year, MX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
78% of all other stocks performed better in the past year than MX.
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.
MX is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 46% of 110 stocks in the same industry.
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.
In the last month MX has a been trading in the 3.52 - 4.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.11. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.56
4.97
When analyzing the support we notice one important area.
- A support zone ranging from 3.60 to 3.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.11 to 4.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.92 to 4.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 22.57 | NEGATIVE | MX has a low relative strength, it was outperformed by 77.43% 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 | POSITIVE | The current price of MX is above 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) | 59.75 | 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) | 76.67 | NEUTRAL | The Stochastics value for MX is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for MX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.15 | 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)
3.93
+0.09 (+2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.34%
1 Week2.88%
2 Weeks6.79%
1 Month-5.07%
3 Month2.61%
6 Month1.55%
12 Month-20.77%
2 Year-64.85%
3 Year-72.95%
5 Year-61.84%
10 Year-49.09%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%4%
ATR Inc-15.21%
Range Today0.12
ADR(20)0.15
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.57
Mansfield-1.12
10 Day High4.02
10 Day Low3.67
20 Day High4.3
20 Day Low3.52
52 Week High5.98
52 Week Low2.51
CS1 End3.6
CR1 Start4.11
Volume & EV
DER(3)2.68%
DER(5)-0.38%
Volume170.82K
Volume Incr-47.72%
Vol(5)184.76K
Vol(50)285.76K