Taking everything into account, MXL scores 7 out of 10 in our technical rating. Although MXL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, MXL also presents a decent setup pattern. 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.
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13.73
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.29 to 18.40. 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 16.98 to 16.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.40 to 14.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.87 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @19.01 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 19.61 to 19.61. This zone is formed by a combination of multiple trend lines 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 MXL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MXL is up. |
| ChartMill Relative Strength | 66.82 | NEUTRAL | MXL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MXL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MXL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MXL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.94 | NEUTRAL | The RSI value for MXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MXL has a positive trend. |
| Stochastics (14,3) | 65.86 | NEUTRAL | The Stochastics value for MXL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for MXL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.25 | NEUTRAL | The ADX value for MXL 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 |
|---|---|---|---|
| 19.02 | 18.28 | 0.74 (3.89%) | 25.00% |
| An entry @19.02. This is a Buy Stop order right above the resistance zone. | An exit @18.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.74 points, which is 3.89%. | For a 0.97% 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 MXL. 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.
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+0.43 (+2.32%)
MAXLINEAR INC / MXL FAQ
What is the ChartMill technical rating of MAXLINEAR INC (MXL) stock?
ChartMill assigns a technical rating of 7 / 10 to MXL.
What is the current trend direction of MAXLINEAR INC (MXL) stock?
The current trend direction for MAXLINEAR INC (MXL) is Bullish.
Can you provide the RSI signal for MAXLINEAR INC?
MAXLINEAR INC (MXL) has an RSI value of 59.9424. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MAXLINEAR INC?
The short term momentum for MAXLINEAR INC (MXL) is positive.
What is the support and resistance level for MXL stock?
MAXLINEAR INC (MXL) has a support level at 18.4 and a resistance level at 19.01. Check the full technical report for our detailed analysis of MXL support and resistance levels.