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.
The 10-day moving average for MXF crossed bullishly above the 50-day moving average on March 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 13, 2024. You may want to consider a long position or call options on MXF as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MXF just turned positive on March 14, 2024. Looking at past instances where MXF's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
MXF moved above its 50-day moving average on March 20, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MXF advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 267 cases where MXF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
MXF broke above its upper Bollinger Band on March 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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