MIZUHO FINANCIAL GROUP-ADR (MFG)       2.47  0 (0%)

2.47  0 (0%)

US60687Y1091 - ADR

Technical Rating

7

Overall MFG gets a technical rating of 7 out of 10. In the last year, MFG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MFG has a been trading in the 2.10 - 2.48 range, which is quite wide. It is currently trading near the high of this range.
MFG has an average volume of 1694030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MFG did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MFG is part of the Banks industry. There are 321 other stocks in this industry, MFG did better than 52% of them.
MFG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 15.42% 8.81% 6.93% -2.76% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 77.83 2.1 - 2.94
MFG Weekly chart
MFG Daily chart

Support/Resistance Analysis


2.09

2.75
When analyzing the support we can see 4 important areas.
  • Support @2.45 from a horizontal line in the daily time frame.
  • A support zone ranging from 2.25 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 2.16 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @2.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 2.48 to 2.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 2.52 to 2.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @2.72 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

3

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.


MFG Daily chart

MIZUHO FINANCIAL GROUP-ADR2.47

NYSE:MFG (11/30/2022, 7:04:00 PM)0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today 0% 1 Week 5.56%
2 Weeks 9.29% 1 Month 15.42%
3 Month 8.81% 6 Month 6.93%
Volatility
ATR(14) 0.06 ATR(20)% 2.39%
ATR Inc -3.55% Range Today 0.06
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 77.83 Mansfield 0.27
10 Day High 2.48 10 Day Low 2.25
20 Day High 2.48 20 Day Low 2.1
52 Week High 2.94 52 Week Low 2.1
CS1 End 2.45 CR1 Start 2.48
Volume & EV
DER(3) -2.69% DER(5) -3.63%
Volume 721.80K Volume Incr -67.81%
Vol(5) 611.74K Vol(50) 1.69M

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