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Downtrend ExhaustionArchive
- 2/14/2025 -
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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 -8.20 points, or -4.07%, and closed at 193.20 on Friday, February 14, 2025. Weekly volume was 60% 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 13, 2021 at 546.16 and reached 188.90 on February 12, 2025. MKTX lost 357.26 points, or 65.41%, in 200 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 183.18 and resistance is at 277.96. 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 downtrend had started on October 30, 2024 at 296.70 and reached 188.90 on February 12, 2025. MKTX lost 107.80 points, or 36.33%, in 15 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See MKTX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Relative Strength Index and Williams' Percentage Range. 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, Relative Strength Index 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 January 27, 2025 at 228.40 and reached 188.90 on February 12, 2025. MKTX lost 39.50 points, or 17.29%, in 16 days. The price is now at the 10.89% retracement level.
 Daily Technical Indicators: [See MKTX daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since February 4, 2025. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is 103.34% higher then one year average. It indicates the period of high 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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