GOP and Trump at odds over Mexico tariff plan
Republican senators are preparing for confrontation with President Trump, after he threatened tariffs on all goods coming into the U.S. from Mexico. Trump said Republicans would be "foolish" to try and oppose his tariffs.
The split and potential standoff over 5% tariffs -- set to begin next week and ratchet up 5% through October -- on all goods imported from Mexico reveals some of the cracks between Trump and his party. Senate Majority Leader Mitch McConnell said, "There is not much support in my conference for tariffs, that's for sure." Mexican officials are in Washington launching a diplomatic counteroffensive and fresh negotiations.
MXF in upward trend: price may jump up because it broke its lower Bollinger Band on May 19, 2023
MXF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 44 cases where MXF's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MXF's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 55 cases where MXF's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MXF advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MXF as a result. In of 72 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MXF turned negative on May 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
MXF moved below its 50-day moving average on May 30, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MXF crossed bearishly below the 50-day moving average on May 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MXF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Industry description
General Information
Category Unknown
MXF and
Correlation & Price change
A.I.dvisor indicates that over the last year, MXF has been closely correlated with EWA. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if MXF jumps, then EWA could also see price increases.
