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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MFG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MFG did better than 86% of all other stocks. We also observe that the gains produced by MFG over the past year are nicely spread over this period.
MFG is one of the better performing stocks in the Banks industry, it outperforms 79% 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.
In the last month MFG has a been trading in the 4.77 - 5.67 range, which is quite wide. It is currently trading near the high of this range.
MFG has an average volume of 4122440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although MFG has an excellent technical rating, it 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
4.30
5.69
We found 3 important support areas.
- A support zone ranging from 5.15 to 5.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.89 to 4.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.34 to 4.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @5.63 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 | 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 | 86.54 | POSITIVE | MFG has a high relative strength, it outperformed 86.54% 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) | DOWN | MIXED | The current price of MFG is above 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) | 62.8 | NEUTRAL | The RSI value for MFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.27 | NEUTRAL | The Stochastics value for MFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for MFG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.84 | 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)
5.56
+0.07 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.28%
1 Week3.35%
2 Weeks5.9%
1 Month13.01%
3 Month-1.42%
6 Month9.45%
12 Month35.61%
2 Year90.41%
3 Year138.63%
5 Year123.29%
10 Year26.65%
15 Year55.74%
Volatility
ATR(14)0.12
ATR(20)%2.11%
ATR Inc-34.37%
Range Today0.06
ADR(20)0.07
ADR(20)%1.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.54
Mansfield1.36
10 Day High5.68
10 Day Low5.08
20 Day High5.68
20 Day Low4.77
52 Week High6.08
52 Week Low3.45
CS1 End5.23
CR1 Start5.63
Volume & EV
DER(3)-1.36%
DER(5)0.49%
Volume3.00M
Volume Incr14.12%
Vol(5)3.97M
Vol(50)4.12M