FANHUA INC-SPONSORED ADR (FANH) Stock Technical Analysis
USA - NASDAQ:FANH - US30712A1034 - ADR
Taking everything into account, FANH scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. FANH was also a bad performer in the overall market in the last year.
FANH has an average technical rating and it also 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.
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1.47
When analyzing the support we notice one important area.
- Support @1.48 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.70 from a trend line in the daily time frame.
- Resistance @1.78 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for FANH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FANH is up. |
| ChartMill Relative Strength | 5.96 | NEGATIVE | FANH has a low relative strength, it was outperformed by 94.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FANH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FANH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FANH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.28 | NEUTRAL | The RSI value for FANH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FANH has a negative trend. |
| Stochastics (14,3) | 20.38 | NEUTRAL | The Stochastics value for FANH is a neutral value. |
| Average True Range in percent/ATR (20) | 12.46 | HIGH VOLATILITY | The high ATR as a percentage value for FANH suggests high volalility. |
| Average Directional Index/ADX (14) | 38.19 | POSITIVE | The high ADX value value for FANH suggests a strong trend. |
NASDAQ:FANH (10/22/2024, 8:15:50 PM)
1.53
-0.02 (-1.29%)
FANHUA INC-SPONSORED ADR / FANH FAQ
What is the ChartMill technical rating of FANHUA INC-SPONSORED ADR (FANH) stock?
ChartMill assigns a technical rating of 4 / 10 to FANH.
Can you provide the trend direction for FANHUA INC-SPONSORED ADR?
The current trend direction for FANHUA INC-SPONSORED ADR (FANH) is Bearish.
Can you provide the RSI signal for FANHUA INC-SPONSORED ADR?
FANHUA INC-SPONSORED ADR (FANH) has an RSI value of 50.2755. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FANHUA INC-SPONSORED ADR?
The short term momentum for FANHUA INC-SPONSORED ADR (FANH) is positive.
What are the support and resistance levels for FANHUA INC-SPONSORED ADR (FANH) stock?
FANHUA INC-SPONSORED ADR (FANH) has a support level at 1.48 and a resistance level at 1.7. Check the full technical report for our detailed analysis of FANH support and resistance levels.