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Archive
- 4/26/2024 -
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MarketAxess (MKTX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the MarketAxess (MKTX). During the week, the MKTX dropped -2.22 points, or -1.09%, and closed at 201.79 on Friday, April 26, 2024. Weekly volume was -35% 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 199.34 on April 18, 2024. MKTX lost 346.82 points, or 63.50%, in 157 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 189.94 and resistance is at 251.95. 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 December 28, 2023 at 297.35 and reached 199.34 on April 18, 2024. MKTX lost 98.01 points, or 32.96%, in 16 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See MKTX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 April 19, 2024 at 207.12 and reached 200.92 on April 25, 2024. MKTX lost 6.20 points, or 2.99%, in 6 days. The price is now at the 14.03% retracement level.
 Daily Technical Indicators: [See MKTX daily technical indicators chart]
Daily Relative Strength Index is 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 or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since April 12, 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 |
10 |
| Industry |
Financial Exchanges & Data |
30 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
207.12 |
| High Date |
04/19/2024 |
| Low |
200.92 |
| Low Date |
04/25/2024 |
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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 |
207.12 |
| High Date |
04/19/2024 |
| Low |
200.92 |
| Low Date |
04/25/2024 |
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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 |
229.51 |
| High Date |
04/08/2024 |
| Low |
199.34 |
| Low Date |
04/18/2024 |
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| Quarterly 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 |
297.35 |
| High Date |
12/28/2023 |
| Low |
199.34 |
| Low Date |
04/18/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
251.95 |
| Support |
189.94 |
| High |
546.16 |
| High Date |
04/13/2021 |
| Low |
199.34 |
| Low Date |
04/18/2024 |
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