Does MITSUBISHI UFJ FINL-SPON ADR (NYSE:MUFG) align with Mark Minervini’s trading strategy?

Our stock screener has spotted MITSUBISHI UFJ FINL-SPON ADR (NYSE:MUFG) as a stocks which checks several boxes as specified by Mark Minervini. We will dive into an analysis below.

A Technical Analysis using the Minervini Trend Template.

The Minervini Trend Template is a set of technical criteria designed to identify stocks in strong uptrends. We can check all the boxes for MUFG:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

Some of the high growth metrics of MUFG highlighted

ChartMill employs its own High Growth Momentum Rating (HGM) system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth and profitability factors, such as EPS and revenue growth, as well as accelleration, surprises and revision history. MUFG has earned a 4:

Explosive Earnings Growth

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), MUFG highlights its ability to generate increasing profitability, showcasing a 36.31% growth.
• MUFG has experienced 27.68% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• MUFG has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 20.24%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• MUFG has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.

Financial Strength & Profitability

• With a favorable trend in its profit margin over the past year, MUFG demonstrates its ability to enhance profitability through efficient operations.

Market Strength

• MUFG has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 94.1 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning.

How does the Setup look for MUFG

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for MUFG is 3:

Although MUFG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Our latest full technical report of MUFG contains the most current technical analsysis.

Final Thoughts

Our High Growth Momentum + Trend Template screen will find you more ideas which meet the Minervini criteria.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.