MCX Shows Signs of Trend Reversal Amid Broader Market Declines

Jan 22 2025 10:20 AM IST
share
Share Via
On January 22, 2025, the Multi Commodity Exchange of India (MCX) showed significant activity, gaining 3.61% after three days of decline. The stock reached an intraday high of Rs 5680 and is currently above its 200-day moving average, indicating mixed short-term momentum amid broader market trends.
Multi Commodity Exchange of India (MCX) has demonstrated notable activity on January 22, 2025, with a gain of 3.61%, signaling a potential trend reversal after three consecutive days of decline. This performance is particularly impressive as it outpaced its sector by 4.21%, showcasing its resilience in the financial market.

The stock reached an intraday high of Rs 5680, reflecting a 3.2% increase. In terms of moving averages, MCX is currently above its 200-day moving average, although it remains below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term momentum.

In the broader market context, MCX's one-day performance of 2.77% contrasts with the Sensex's modest gain of 0.46%. However, over the past month, MCX has faced a decline of 11.59%, while the Sensex has decreased by 2.38%. The stock has been recognized for its reliable performance since October 25, 2024, reflecting its standing in the market.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News