(MKTX) Proactive Strategies

June 13, 2024, 06:40 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MKTX

• Buy MKTX slightly over 184.85 target 212.69 stop loss @ 184.32 Details

The technical summary data tells us to buy MKTX near 184.85 with an upside target of 212.69. This data also tells us to set a stop loss @ 184.32 to protect against excessive loss in case the stock begins to move against the trade. 184.85 is the first level of support below 201.11 , and by rule, any test of support is a buy signal. In this case, support 184.85 would be being tested, so a buy signal would exist.

• Short MKTX slightly under 212.69, target 184.85, stop loss @ 213.3 Details

The technical summary data is suggesting a short of MKTX as it gets near 212.69 with a downside target of 184.85. We should have a stop loss in place at 213.3though. 212.69 is the first level of resistance above 201.11, and by rule, any test of resistance is a short signal. In this case, if resistance 212.69 is being tested, so a short signal would exist.

Swing Trading Plans for MKTX

• Buy MKTX slightly over 201.92, target 212.69, Stop Loss @ 201.34 Details

If 201.92 begins to break higher, the technical summary data tells us to buy MKTX just slightly over 201.92, with an upside target of 212.69. The data also tells us to set a stop loss @ 201.34 in case the stock turns against the trade. 201.92 is the first level of resistance above 201.11, and by rule, any break above resistance is a buy signal. In this case, 201.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MKTX slightly near 201.92, target 194.3, Stop Loss @ 202.5. Details

The technical summary data is suggesting a short of MKTX if it tests 201.92 with a downside target of 194.3. We should have a stop loss in place at 202.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 201.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MKTX

• Buy MKTX slightly over 201.92, target 202.52, Stop Loss @ 201.45 Details

If 201.92 begins to break higher, the technical summary data tells us to buy MKTX just slightly over 201.92, with an upside target of 202.52. The data also tells us to set a stop loss @ 201.45 in case the stock turns against the trade. 201.92 is the first level of resistance above 201.11, and by rule, any break above resistance is a buy signal. In this case, 201.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MKTX slightly near 201.92, target 195.39, Stop Loss @ 202.39. Details

The technical summary data is suggesting a short of MKTX if it tests 201.92 with a downside target of 195.39. We should have a stop loss in place at 202.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 201.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Marketaxess Holdings Inc. (MKTX) available here: MKTX.

MKTX Ratings for June 13:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	184.85
P2	195.39	194.3	212.69
P3	202.52	201.92	241.43

AI Generated Signals for MKTX

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Don't over think it!  Trading Marketaxess Holdings Inc. (NASDAQ: MKTX) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MKTX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MKTX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MKTX too.  All of these are offered below the Summary Table.