MIZUHO FINANCIAL GROUP-ADR (MFG) Technical Analysis
NYSE:MFG • US60687Y1091
Current stock price
MFG Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to MFG. Although MFG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- MFG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that MFG is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, MFG also shows a nice and consistent pattern of rising prices.
- MFG is part of the Banks industry. There are 380 other stocks in this industry. MFG outperforms 97% of them.
- MFG has an average volume of 5176810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- MFG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MFG is lagging the market slightly.
MFG Weekly and Daily overview Charts
MFG Setup Rating and Analysis
MFG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MFG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MFG Support and Resistance Analysis
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4 important support areas can be observed.
- A support zone ranging from 7.58 to 7.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.23 from a trend line in the daily time frame.
- Support @6.68 from a horizontal line in the daily time frame.
- Support @4.88 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.64 to 7.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.88 to 8.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
MFG 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 | NEUTRAL | NEUTRAL | The long term trend for MFG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MFG is down. |
| ChartMill Relative Strength | 88.86 | POSITIVE | MFG has a high relative strength, it outperformed 88.86% 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) | DOWN | NEGATIVE | The current price of MFG is below a declining 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) | 36.96 | NEUTRAL | The RSI value for MFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MFG has a positive trend. |
| Stochastics (14,3) | 17.45 | OVERSOLD | The low Stochastics value suggests MFG may be oversold. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for MFG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.26 | POSITIVE | The high ADX value value for MFG suggests a strong trend. |
MFG Chart- and CandleStick Pattern Analysis
MFG Technicals: Chart, Performance Metrics, Trend & Indicators
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MIZUHO FINANCIAL GROUP-ADR / MFG TA FAQ
What is the technical rating for MFG stock?
ChartMill assigns a technical rating of 4 / 10 to MFG.
What is the current trend direction of MIZUHO FINANCIAL GROUP-ADR (MFG) stock?
The current trend direction for MIZUHO FINANCIAL GROUP-ADR (MFG) is Bearish.
Can you provide the RSI signal for MIZUHO FINANCIAL GROUP-ADR?
MIZUHO FINANCIAL GROUP-ADR (MFG) has an RSI value of 36.9557. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MIZUHO FINANCIAL GROUP-ADR?
The short term momentum for MIZUHO FINANCIAL GROUP-ADR (MFG) is negative.