The Hourly View for MKTX
At the time of this writing, MKTX (Get Ratings)’s price is down $-0.44 (-0.08%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
MKTX’s Technical Outlook on the Daily Chart
Currently, MKTX’s price is up $7.49 (1.4%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as MKTX has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 100 day moving average has been crossed, with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MKTX’s price action over the past 90 days.
For MKTX News Traders
News traders keeping an eye on MKTX may find value in this recent story:
Richie Capital Group, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of -12.3% was reported by the fund’s RCG Long Short Fund, -2.5% return by the fund’s RCG Long Only Fund, while its RCG Top 10 delivered a 0.59% gain for the […]
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