MEXCO ENERGY CORP (MXC) Stock Technical Analysis
USA - NYSEARCA:MXC - US5927701012 - Common Stock
Overall MXC gets a technical rating of 4 out of 10. In the last year, MXC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
MXC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MXC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.89
We found 2 important support areas.
- A support zone ranging from 9.10 to 9.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.97 to 8.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.46 to 9.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.02 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for MXC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MXC is neutral. |
| ChartMill Relative Strength | 24.03 | NEGATIVE | MXC has a low relative strength, it was outperformed by 75.97% 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) | UP | POSITIVE | The current price of MXC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MXC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.24 | NEUTRAL | The RSI value for MXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MXC has a negative trend. |
| Stochastics (14,3) | 57.72 | NEUTRAL | The Stochastics value for MXC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for MXC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.03 | NEUTRAL | The ADX value for MXC suggests a possible start of a new trend. |
9.19
-0.31 (-3.26%)
MEXCO ENERGY CORP / MXC FAQ
What is the ChartMill technical rating of MEXCO ENERGY CORP (MXC) stock?
ChartMill assigns a technical rating of 4 / 10 to MXC.
What is the current trend direction of MEXCO ENERGY CORP (MXC) stock?
The current trend direction for MEXCO ENERGY CORP (MXC) is Bearish.
What is the RSI signal for MEXCO ENERGY CORP (MXC) stock?
MEXCO ENERGY CORP (MXC) has an RSI value of 52.2384. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MEXCO ENERGY CORP?
The short term momentum for MEXCO ENERGY CORP (MXC) is neutral.