MEXCO ENERGY CORP (MXC) Stock Technical Analysis
NYSEARCA:MXC • US5927701012
We assign a technical rating of 6 out of 10 to MXC. MXC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- Warning: MXC has an average volume of 11708 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When compared to the yearly performance of all other stocks, MXC outperforms 69% of them, which is more or less in line with the market.
- MXC is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, MXC did better than 46% 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 8.65 - 12.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, MXC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
9.02
When analyzing the support we can see 5 important areas.
- Support @11.10 from a trend line in the daily time frame.
- A support zone ranging from 10.26 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.61 to 9.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.39 from a trend line in the weekly time frame.
- Support @9.11 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @11.47 from a horizontal 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 | UP | POSITIVE | The long term trend for MXC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MXC is neutral. |
| ChartMill Relative Strength | 69.4 | NEUTRAL | MXC is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MXC is above the rising 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) | 56.04 | NEUTRAL | The RSI value for MXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MXC has a positive trend. |
| Stochastics (14,3) | 57.45 | NEUTRAL | The Stochastics value for MXC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.08 | HIGH VOLATILITY | The high ATR as a percentage value for MXC suggests high volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for MXC suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.48 | 11.09 | 0.39 (3.40%) | 25.00% |
| An entry @11.48. This is a Buy Stop order right above the resistance zone. | An exit @11.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.39 points, which is 3.40%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MXC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.2001
+0.39 (+3.61%)
MEXCO ENERGY CORP / MXC FAQ
What is the ChartMill technical rating of MEXCO ENERGY CORP (MXC) stock?
ChartMill assigns a technical rating of 6 / 10 to MXC.
What is the trend direction for MXC stock?
The current trend direction for MEXCO ENERGY CORP (MXC) is Bullish.
What is the RSI signal for MEXCO ENERGY CORP (MXC) stock?
MEXCO ENERGY CORP (MXC) has an RSI value of 56.0426. This indicates that the stock is currently neutral.
What are the support and resistance levels for MEXCO ENERGY CORP (MXC) stock?
MEXCO ENERGY CORP (MXC) has a support level at 11.1 and a resistance level at 11.47. Check the full technical report for our detailed analysis of MXC support and resistance levels.