MAXLINEAR INC (MXL) Stock Technical Analysis
NASDAQ:MXL • US57776J1007
Overall MXL gets a technical rating of 8 out of 10. Both in the recent history as in the last year, MXL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- MXL 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 MXL is lagging the market slightly.
- MXL has an average volume of 1256990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, MXL did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- MXL is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 48% of 113 stocks in the same industry.
- In the last month MXL has a been trading in the 16.11 - 20.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MXL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 17.50, a Stop Loss order could be placed below this zone.
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13.68
We found 5 important support areas.
- A support zone ranging from 17.35 to 17.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.94 to 16.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @15.16 from a trend line in the weekly time frame.
- Support @14.40 from a horizontal line in the daily time frame.
- Support @13.82 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @18.93 from a trend line in the weekly time frame.
- Resistance @19.30 from a horizontal line in the weekly time frame.
- Resistance @19.61 from a horizontal line in the daily time frame.
- Resistance @19.96 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 | UP | POSITIVE | The long term trend for MXL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MXL is neutral. |
| ChartMill Relative Strength | 84.75 | POSITIVE | MXL has a high relative strength, it outperformed 84.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MXL is above the rising 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) | 53.62 | NEUTRAL | The RSI value for MXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MXL has a positive trend. |
| Stochastics (14,3) | 75.16 | NEUTRAL | The Stochastics value for MXL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for MXL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.96 | NEGATIVE | The low ADX value for MXL suggests a weak or negative 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 |
|---|---|---|---|
| 18.94 | 17.34 | 1.60 (8.45%) | 11.84% |
| An entry @18.94. This is a Buy Stop order right above the resistance zone. | An exit @17.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.60 points, which is 8.45%. | For a 1.00% total portfolio risk, you can invest 11.84% 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.
18.87
-0.53 (-2.73%)
MAXLINEAR INC / MXL FAQ
What is the ChartMill technical rating of MAXLINEAR INC (MXL) stock?
ChartMill assigns a technical rating of 8 / 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 53.6195. 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 neutral.
What is the support and resistance level for MXL stock?
MAXLINEAR INC (MXL) has a support level at 17.5 and a resistance level at 18.93. Check the full technical report for our detailed analysis of MXL support and resistance levels.