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Downtrend ExhaustionArchive
- 10/3/2025 -
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MarketAxess (MKTX) Technical Analysis
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| Summary:
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| | It was the negative week for the MarketAxess (MKTX). During the week, the MKTX dropped -9.64 points, or -5.35%, and closed at 170.50 on Friday, October 3, 2025. It was the worst weekly loss since August 8, 2025. Weekly volume was 95% 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 168.74 on October 2, 2025. MKTX lost 377.42 points, or 69.10%, in 233 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (177.43) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 May 8, 2025 at 232.84 and reached 168.74 on October 2, 2025. MKTX lost 64.10 points, or 27.53%, in 21 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See MKTX weekly technical indicators chart]
Weekly 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 weekly Relative Strength Index or strongly oversold weekly 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since July 25, 2025. 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 September 11, 2025 at 190.47 and reached 168.74 on October 2, 2025. MKTX lost 21.73 points, or 11.41%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 167.76 and resistance is at 179.28. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See MKTX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
 Candlestick pattern: [See MKTX candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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