MEXCO ENERGY CORP (MXC) Stock Technical Analysis
NYSEARCA:MXC - NYSE Arca - US5927701012 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MXC. In the past year, MXC 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.
76% of all other stocks performed better in the past year than MXC.
In the last month MXC has a been trading in the 6.75 - 16.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
MXC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 211 stocks in the same industry.
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.
Although the technical rating is only medium, MXC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
6.97
12.86
We found 2 important support areas.
- A support zone ranging from 8.76 to 8.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.04 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @11.77 from a trend line in the weekly time frame.
- Resistance @12.73 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 | 24.3 | NEGATIVE | MXC has a low relative strength, it was outperformed by 75.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MXC is below the rising 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 | NEGATIVE | The current price of MXC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.04 | NEUTRAL | The RSI value for MXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests MXC has a negative trend. |
| Stochastics (14,3) | 25.8 | NEUTRAL | The Stochastics value for MXC is a neutral value. |
| Average True Range in percent/ATR (20) | 21.1 | HIGH VOLATILITY | The high ATR as a percentage value for MXC suggests high volalility. |
| Average Directional Index/ADX (14) | 42.87 | POSITIVE | The high ADX value value for MXC 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)
8.87
-0.25 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.74%
1 Week-21.92%
2 Weeks-25.52%
1 Month28.55%
3 Month19.54%
6 Month-23%
12 Month-25.21%
2 Year-26.14%
3 Year-48.4%
5 Year170.43%
10 Year90.34%
15 Year17.48%
Volatility
ATR(14)2.61
ATR(20)%21.1%
ATR Inc-80.49%
Range Today0.58
ADR(20)1.71
ADR(20)%19.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.3
Mansfield-2.17
10 Day High16
10 Day Low8.76
20 Day High16
20 Day Low6.75
52 Week High16
52 Week Low5.89
CS1 End9.11
CR1 Start12.76
Volume & EV
DER(3)-1.69%
DER(5)-1.59%
Volume16.30K
Volume Incr-47.13%
Vol(5)40.30K
Vol(50)36.05K