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Uptrend Broken SupportArchive - 3/15/2024 - Sign In to see current Signals. |
MarketAxess (MKTX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the MarketAxess (MKTX). During the week, the MKTX gained 3.33 points, or 1.55%, and closed at 218.45 on Friday, March 15, 2024. It was the best weekly gain since January 26, 2024. Weekly volume was 48% above average. MKTX is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See MKTX long-term trend chart] A long-term downtrend had started on April 4, 2023 at 399.78 and reached 200.01 on September 28, 2023. MKTX lost 199.77 points, or 49.97%, in 25 weeks. The price is now at the 9.23% retracement level. Medium-term trend: [See MKTX medium-term trend chart] A medium-term downtrend had started on December 28, 2023 at 297.35 and reached 200.37 on March 5, 2024. MKTX lost 96.98 points, or 32.61%, in 9 weeks. The price is now at the 18.64% retracement level. Weekly Technical Indicators: [See MKTX weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help. Short-term trend: [See MKTX short-term trend chart] A short-term uptrend had started on March 5, 2024 at 200.37 and reached 227.31 on March 12, 2024. MKTX gained -26.94 points, or -13.45%, in 7 days. The price is now at the 32.89% retracement level. Daily Technical Indicators: [See MKTX daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since February 23, 2024. This is an indication that the short-term trend is up. The distance between the Bollinger Bands is falling, and it was 7.91% on Friday. It is 57.33% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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