MAGNACHIP SEMICONDUCTOR CORP (MX) Stock Technical Analysis
USA - NYSE:MX - US55933J2033 - Common Stock
3.19 USD
-0.09 (-2.74%)
3.19 USD
0 (0%)
Taking everything into account, MX scores 1 out of 10 in our technical rating. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
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 88% 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.
MX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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
2.62
4.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.13 to 3.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.65 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 3.23 to 3.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.34 from a horizontal line in the daily time frame.
- Resistance @3.91 from a trend line in the weekly time frame.
- Resistance @4.11 from a trend line in the daily time frame.
- Resistance @4.30 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 | NEUTRAL | NEUTRAL | The short term trend for MX is neutral. |
| ChartMill Relative Strength | 8.07 | NEGATIVE | MX has a low relative strength, it was outperformed by 91.93% 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) | 51.62 | NEUTRAL | The RSI value for MX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.7 | NEUTRAL | The Stochastics value for MX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for MX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.25 | NEGATIVE | The low ADX value for MX suggests a weak or negative 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)
3.19
-0.09 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.74%
1 Week-4.2%
2 Weeks4.25%
1 Month0.63%
3 Month-21.23%
6 Month-11.88%
12 Month-32.13%
2 Year-61.61%
3 Year-68.85%
5 Year-76.72%
10 Year-51.59%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.06%
ATR Inc35.97%
Range Today0.18
ADR(20)0.1
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.07
Mansfield-2.42
10 Day High3.36
10 Day Low3.06
20 Day High3.36
20 Day Low2.89
52 Week High5.16
52 Week Low2.51
CS1 End3.18
CR1 Start3.23
Volume & EV
DER(3)4.22%
DER(5)-0.15%
Volume326.40K
Volume Incr-0.54%
Vol(5)259.18K
Vol(50)313.79K