MAXCYTE INC (MXCT) Stock Technical Analysis
NASDAQ:MXCT • US57777K1060
We assign a technical rating of 0 out of 10 to MXCT. MXCT'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 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, MXCT is a bad performer in the overall market: 98% of all stocks are doing better.
- MXCT is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 89% of 58 stocks in the same industry do better.
- MXCT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month MXCT has a been trading in the 0.72 - 1.37 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MXCT has an average volume of 1202700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of MXCT 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
0.72
2 important resistance areas can be observed.
- Resistance @1.44 from a trend line in the daily time frame.
- Resistance @1.71 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 | DOWN | NEGATIVE | The long term trend for MXCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MXCT is down. |
| ChartMill Relative Strength | 2.39 | NEGATIVE | MXCT has a low relative strength, it was outperformed by 97.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MXCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MXCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MXCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 16.95 | OVERSOLD | The low RSI value suggests MXCT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MXCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.81 | OVERSOLD | The low Stochastics value suggests MXCT may be oversold. |
| Average True Range in percent/ATR (20) | 12.03 | HIGH VOLATILITY | The high ATR as a percentage value for MXCT suggests high volalility. |
| Average Directional Index/ADX (14) | 57.3 | POSITIVE | The high ADX value value for MXCT suggests a strong trend. |
0.7302
-0.04 (-5.17%)
MAXCYTE INC / MXCT FAQ
What is the technical rating for MXCT stock?
ChartMill assigns a technical rating of 0 / 10 to MXCT.
Can you provide the trend direction for MAXCYTE INC?
The current trend direction for MAXCYTE INC (MXCT) is Bearish.
What is the RSI signal for MAXCYTE INC (MXCT) stock?
MAXCYTE INC (MXCT) has an RSI value of 16.9534. This indicates that the stock is currently oversold.
What is the short term momentum for MAXCYTE INC (MXCT) stock?
The short term momentum for MAXCYTE INC (MXCT) is negative.
What is the buy/sell signal for MXCT stock?
The buy/sell signal for MAXCYTE INC (MXCT) is sell as both the short term and long term trends are negative.