MIZUHO FINANCIAL GROUP-ADR (MFG) Stock Technical Analysis
NYSE:MFG - New York Stock Exchange, Inc. - US60687Y1091 - ADR - Currency: USD
Overall MFG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MFG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MFG did better than 82% of all other stocks. On top of that, MFG also shows a nice and consistent pattern of rising prices.
MFG is one of the better performing stocks in the Banks industry, it outperforms 72% of 395 stocks in the same industry.
MFG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MFG is performing more or less in line with the market.
MFG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MFG has an average volume of 3697900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MFG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 5.44, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.33
5.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.43 to 5.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.37 to 4.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.51 to 5.52. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for MFG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFG is up. |
| ChartMill Relative Strength | 82.66 | POSITIVE | MFG has a high relative strength, it outperformed 82.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MFG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.66 | NEUTRAL | The RSI value for MFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MFG has a negative trend. |
| Stochastics (14,3) | 18.65 | OVERSOLD | The low Stochastics value suggests MFG may be oversold. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for MFG suggests low volalility. |
| Average Directional Index/ADX (14) | 17.91 | NEGATIVE | The low ADX value for MFG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.53 | 5.42 | 0.11 (1.99%) | 25.00% |
| An entry @5.53. This is a Buy Stop order right above the resistance zone. | An exit @5.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.11 points, which is 1.99%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MFG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.45
-0.04 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.73%
1 Week-1.98%
2 Weeks-1.45%
1 Month-0.37%
3 Month-9.77%
6 Month13.07%
12 Month41.19%
2 Year77.52%
3 Year143.3%
5 Year120.65%
10 Year25.58%
15 Year67.69%
Volatility
ATR(14)0.08
ATR(20)%1.79%
ATR Inc-16.2%
Range Today0.06
ADR(20)0.07
ADR(20)%1.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.66
Mansfield0.89
10 Day High5.63
10 Day Low5.42
20 Day High5.68
20 Day Low5.33
52 Week High6.08
52 Week Low3.45
CS1 End5.44
CR1 Start5.51
Volume & EV
DER(3)-1.3%
DER(5)0.01%
Volume1.88M
Volume Incr-15.96%
Vol(5)2.49M
Vol(50)3.70M