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Archive
- 12/20/2024 -
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MarketAxess (MKTX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the MarketAxess (MKTX). During the week, the MKTX dropped -3.50 points, or -1.50%, and closed at 230.20 on Friday, December 20, 2024. Weekly volume was 45% 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 uptrend had started on June 25, 2024 at 192.42 and reached 296.70 on October 30, 2024. MKTX gained -104.28 points, or -54.19%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (307.96) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MKTX may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See MKTX medium-term trend chart]
A medium-term downtrend had started on October 30, 2024 at 296.70 and reached 227.10 on December 20, 2024. MKTX lost 69.60 points, or 23.46%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (214.46) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 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 November 29, 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 downtrend had started on November 27, 2024 at 266.21 and reached 227.10 on December 20, 2024. MKTX lost 39.11 points, or 14.69%, in 23 days. The price is now at the 7.93% retracement level.
 Daily Technical Indicators: [See MKTX daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since October 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
11 |
| Industry |
Financial Exchanges & Data |
70 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
266.21 |
| High Date |
11/27/2024 |
| Low |
227.10 |
| Low Date |
12/20/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
266.21 |
| High Date |
11/27/2024 |
| Low |
227.10 |
| Low Date |
12/20/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
223.05 |
| Support |
214.46 |
| High |
296.70 |
| High Date |
10/30/2024 |
| Low |
227.10 |
| Low Date |
12/20/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
326.96 |
| Support |
307.96 |
| Low |
192.42 |
| Low Date |
06/25/2024 |
| High |
296.70 |
| High Date |
10/30/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
546.16 |
| High Date |
04/13/2021 |
| Low |
192.42 |
| Low Date |
06/25/2024 |
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