MEXCO ENERGY CORP (MXC) Technical Analysis
NYSEARCA:MXC • US5927701012
Current stock price
MXC Technical Rating and Analysis
Taking everything into account, MXC scores 3 out of 10 in our technical rating. Although MXC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, we notice that MXC is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by MXC over the past year are nicely spread over this period.
- MXC is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, MXC did better than 44% of them.
- MXC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MXC is lagging the market.
- In the last month MXC has a been trading in the 8.80 - 10.38 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.
MXC Weekly and Daily overview Charts
MXC Setup Rating and Analysis
MXC has a poor technical rating and the quality of the setup is also not perfect 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
MXC Support and Resistance Analysis
8.90
When analyzing the support we notice one important area.
- A support zone ranging from 8.99 to 9.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.77 to 9.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
MXC 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 | DOWN | NEGATIVE | The long term trend for MXC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MXC is down. |
| ChartMill Relative Strength | 79.26 | POSITIVE | MXC has a high relative strength, it outperformed 79.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MXC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MXC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MXC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.21 | NEUTRAL | The RSI value for MXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MXC has a positive trend. |
| Stochastics (14,3) | 58.63 | NEUTRAL | The Stochastics value for MXC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for MXC suggests high volalility. |
| Average Directional Index/ADX (14) | 9.91 | NEGATIVE | The low ADX value for MXC suggests a weak or negative trend. |
MXC Chart- and CandleStick Pattern Analysis
MXC Technicals: Chart, Performance Metrics, Trend & Indicators
9.755
+0.71 (+7.79%)
MEXCO ENERGY CORP / MXC TA FAQ
What is the ChartMill technical rating of MEXCO ENERGY CORP (MXC) stock?
ChartMill assigns a technical rating of 3 / 10 to MXC.
What is the trend direction for MXC stock?
The current trend direction for MEXCO ENERGY CORP (MXC) is Bearish.
Can you provide the RSI signal for MEXCO ENERGY CORP?
MEXCO ENERGY CORP (MXC) has an RSI value of 50.214. This indicates that the stock is currently neutral.
What is the short term momentum for MEXCO ENERGY CORP (MXC) stock?
The short term momentum for MEXCO ENERGY CORP (MXC) is negative.
What is the support and resistance level for MXC stock?
MEXCO ENERGY CORP (MXC) has a support level at 9.06 and a resistance level at 9.77. Check the full technical report for our detailed analysis of MXC support and resistance levels.