How the (MKTX) price action is used to our Advantage
March 24, 2024, 06:28 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MKTX
- Buy MKTX slightly over 215.99 target 255.05 stop loss @ 215.37 Details
The technical summary data tells us to buy MKTX near 215.99 with an upside target of 255.05. This data also tells us to set a stop loss @ 215.37 to protect against excessive loss in case the stock begins to move against the trade. 215.99 is the first level of support below 221.7 , and by rule, any test of support is a buy signal. In this case, support 215.99 is being tested, a buy signal would exist.
- Short MKTX slightly under 255.05, target 215.99, stop loss @ 255.79 Details
The technical summary data is suggesting a short of MKTX as it gets near 255.05 with a downside target of 215.99. We should have a stop loss in place at 255.79though. 255.05 is the first level of resistance above 221.7, and by rule, any test of resistance is a short signal. In this case, if resistance 255.05 is being tested, a short signal would exist.
Swing Trading Plans for MKTX
- Buy MKTX slightly over 227.34, target 255.05, Stop Loss @ 226.68 Details
If 227.34 begins to break higher, the technical summary data tells us to buy MKTX just slightly over 227.34, with an upside target of 255.05. The data also tells us to set a stop loss @ 226.68 in case the stock turns against the trade. 227.34 is the first level of resistance above 221.7, and by rule, any break above resistance is a buy signal. In this case, 227.34, 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 227.34, target 217.15, Stop Loss @ 228. Details
The technical summary data is suggesting a short of MKTX if it tests 227.34 with a downside target of 217.15. We should have a stop loss in place at 228 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, 227.34, 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 223.36, target 227.34, Stop Loss @ 222.84 Details
If 223.36 begins to break higher, the technical summary data tells us to buy MKTX just slightly over 223.36, with an upside target of 227.34. The data also tells us to set a stop loss @ 222.84 in case the stock turns against the trade. 223.36 is the first level of resistance above 221.7, and by rule, any break above resistance is a buy signal. In this case, 223.36, 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 223.36, target 219.37, Stop Loss @ 223.88. Details
The technical summary data is suggesting a short of MKTX if it tests 223.36 with a downside target of 219.37. We should have a stop loss in place at 223.88 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, 223.36, 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 March 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
179.2 |
| P2 |
219.37 |
217.15 |
215.99 |
| P3 |
223.36 |
227.34 |
255.05 |
AI Generated Signals for MKTX
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Marketaxess Holdings Inc. (NASDAQ: MKTX) data table below can help you with price action, and we have more details too. Trading plans for MKTX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MKTX:
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