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Archive
- 5/23/2025 -
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MarketAxess (MKTX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the MarketAxess (MKTX). During the week, the MKTX climbed 1.84 points, or 0.85%, and closed at 217.85 on Friday, May 23, 2025. Weekly volume was -7% below 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 13, 2021 at 546.16 and reached 186.80 on February 21, 2025. MKTX lost 359.36 points, or 65.80%, in 201 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 182.19 and resistance is at 260.26. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See MKTX medium-term trend chart]
A medium-term uptrend had started on February 21, 2025 at 186.80 and reached 232.84 on May 8, 2025. MKTX gained -46.04 points, or -24.65%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 198.80 and resistance is at 235.34. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See MKTX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 11, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 14, 2025 at 209.80 and reached 223.09 on May 20, 2025. MKTX gained -13.29 points, or -6.33%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See MKTX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since May 9, 2025. The distance between MACD and the signal line is low and getting smaller.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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