ISHARES GLOBAL MATERIALS ETF (MXI) Technical Analysis
NYSEARCA:MXI • US4642886950
Current stock price
MXI Technical Rating and Analysis
Taking everything into account, MXI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MXI is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MXI did better than 75% of all other stocks. On top of that, MXI also shows a nice and consistent pattern of rising prices.
- MXI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MXI is lagging the market slightly.
- In the last month MXI has a been trading in the 101.07 - 114.91 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
MXI Weekly and Daily overview Charts
MXI Setup Rating and Analysis
Although MXI has an excellent technical rating, it does not present a decent entry opportunity 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.
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MXI Support and Resistance Analysis
89.57
4 important support areas can be observed.
- A support zone ranging from 107.59 to 109.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 99.65 to 100.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 95.03 to 97.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 112.55 to 113.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 116.54 to 116.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
MXI 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 | UP | POSITIVE | The long term trend for MXI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MXI is up. |
| ChartMill Relative Strength | 75.87 | POSITIVE | MXI has a high relative strength, it outperformed 75.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MXI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MXI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MXI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.7 | NEUTRAL | The RSI value for MXI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests MXI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.3 | NEUTRAL | The Stochastics value for MXI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for MXI suggests low volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for MXI suggests a weak or negative trend. |
MXI Chart- and CandleStick Pattern Analysis
MXI Technicals: Chart, Performance Metrics, Trend & Indicators
112.08
+1.3 (+1.18%)
ISHARES GLOBAL MATERIALS ETF / MXI TA FAQ
Can you provide the ChartMill technical rating for ISHARES GLOBAL MATERIALS ETF?
ChartMill assigns a technical rating of 10 / 10 to MXI.
What is the trend direction for MXI stock?
The current trend direction for ISHARES GLOBAL MATERIALS ETF (MXI) is Bullish.
What is the RSI signal for MXI stock?
ISHARES GLOBAL MATERIALS ETF (MXI) has an RSI value of 57.6982. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES GLOBAL MATERIALS ETF (MXI) stock?
The MACD indicator for ISHARES GLOBAL MATERIALS ETF (MXI) has a value of 0.310582, indicating a bearish trend.
What are the support and resistance levels for ISHARES GLOBAL MATERIALS ETF (MXI) stock?
ISHARES GLOBAL MATERIALS ETF (MXI) has a support level at 109.2 and a resistance level at 112.55. Check the full technical report for our detailed analysis of MXI support and resistance levels.