MIZUHO FINANCIAL GROUP-ADR (MFG) Stock Technical Analysis
USA - NYSE:MFG - US60687Y1091 - ADR
Taking everything into account, MFG scores 9 out of 10 in our technical rating. 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.
Although MFG has an excellent technical rating, the quality of the presented setup is not ideal 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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4.59
We found 5 important support areas.
- A support zone ranging from 6.68 to 6.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.40 to 6.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.20 from a trend line in the daily time frame.
- A support zone ranging from 6.08 to 6.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.64 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.85 to 6.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 82.03 | POSITIVE | MFG has a high relative strength, it outperformed 82.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFG is above the rising 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) | 58.35 | NEUTRAL | The RSI value for MFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.66 | NEUTRAL | The Stochastics value for MFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for MFG suggests low volalility. |
| Average Directional Index/ADX (14) | 15.08 | NEGATIVE | The low ADX value for MFG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 6.87 | 6.67 | 0.20 (2.91%) | 25.00% |
| An entry @6.87. This is a Buy Stop order right above the resistance zone. | An exit @6.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 2.91%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
6.73
+0.02 (+0.3%)
MIZUHO FINANCIAL GROUP-ADR / MFG FAQ
What is the technical rating for MFG stock?
ChartMill assigns a technical rating of 9 / 10 to MFG.
What is the trend direction for MFG stock?
The current trend direction for MIZUHO FINANCIAL GROUP-ADR (MFG) is Bullish.
Can you provide the RSI signal for MIZUHO FINANCIAL GROUP-ADR?
MIZUHO FINANCIAL GROUP-ADR (MFG) has an RSI value of 58.3537. This indicates that the stock is currently neutral.
What is the short term momentum for MFG stock?
The short term momentum for MIZUHO FINANCIAL GROUP-ADR (MFG) is positive.
Can you provide the buy/sell signal for MIZUHO FINANCIAL GROUP-ADR?
The buy/sell signal for MIZUHO FINANCIAL GROUP-ADR (MFG) is buy as both the short term and long term trends are positive.