MXF in downward trend: price may decline as a result of having broken its higher Bollinger Band on August 29, 2023
MXF broke above its upper Bollinger Band on August 29, 2023. 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. The A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In of the 41 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
MXF moved below its 50-day moving average on September 05, 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 September 11, 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 .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 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 .
The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on MXF as a result. In of 76 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 September 20, 2023. Looking at past instances where MXF's MACD turned positive, the stock continued to rise in of 44 cases over the following month. 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 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
Industry description
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| IIVLX | 21.29 | N/A | N/A |
| Transamerica Small/Mid Cap Value C | |||
| GDGIX | 22.07 | -0.31 | -1.39% |
| Sit Global Dividend Growth I | |||
| PRITX | 17.48 | -0.30 | -1.69% |
| T. Rowe Price International Stock | |||
| POMIX | 46.52 | -0.80 | -1.69% |
| T. Rowe Price Total Equity Market Idx | |||
| MTILX | 11.29 | -0.21 | -1.83% |
| Morgan Stanley Inst Glbl Infras L | |||
MXF and
Correlation & Price change
A.I.dvisor indicates that over the last year, MXF has been loosely correlated with EWA. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if MXF jumps, then EWA could also see price increases.