FANHUA INC-SPONSORED ADR (FANH) Technical Analysis
NASDAQ:FANH • US30712A1034
Current stock price
FANH Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to FANH. 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.
- When comparing the yearly performance of all stocks, FANH is a bad performer in the overall market: 95% of all stocks are doing better.
- FANH is part of the Insurance industry. There are 148 other stocks in this industry, of which 82% are performing better than FANH.
- FANH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so FANH is lagging the market.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month FANH has a been trading in the 1.09 - 2.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
FANH Weekly and Daily overview Charts
FANH Setup Rating and Analysis
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.
More info and screens
FANH Support and Resistance Analysis
1.47
When analyzing the support we notice one important area.
- Support @1.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important 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.
FANH Technical Indicator Signal Analysis
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. |
FANH Chart- and CandleStick Pattern Analysis
FANH Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:FANH (10/22/2024, 8:15:50 PM)
1.53
-0.02 (-1.29%)
FANHUA INC-SPONSORED ADR / FANH TA FAQ
What is the ChartMill technical rating of FANHUA INC-SPONSORED ADR (FANH) stock?
ChartMill assigns a technical rating of 4 / 10 to FANH.
What is the trend direction for FANH stock?
The current trend direction for FANHUA INC-SPONSORED ADR (FANH) is Bearish.
What is the RSI signal for FANH stock?
FANHUA INC-SPONSORED ADR (FANH) has an RSI value of 50.2755. This indicates that the stock is currently neutral.
What is the buy/sell signal for FANH stock?
The buy/sell signal for FANHUA INC-SPONSORED ADR (FANH) is hold as the short term and long term trends are mixed.
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.