MIZUHO FINANCIAL GROUP-ADR (MFG) Stock Technical Analysis
NYSE:MFG • US60687Y1091
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 92% 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 97% of 381 stocks in the same industry.
- MFG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MFG is lagging the market slightly.
- MFG has an average volume of 4230620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MFG has a been trading in the 8.39 - 10.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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.
More info and screens
4.75
We found 5 important support areas.
- A support zone ranging from 9.19 to 9.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.38 from a trend line in the weekly time frame.
- Support @6.98 from a trend line in the daily time frame.
- Support @6.68 from a horizontal line in the daily time frame.
- Support @4.80 from a trend line in the weekly 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 | 92.33 | POSITIVE | MFG has a high relative strength, it outperformed 92.33% 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) | 58.1 | NEUTRAL | The RSI value for MFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MFG has a negative trend. |
| Stochastics (14,3) | 43.84 | NEUTRAL | The Stochastics value for MFG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MFG suggests some volalility. |
| Average Directional Index/ADX (14) | 43.52 | POSITIVE | The high ADX value value for MFG suggests a strong trend. |
9.35
+0.03 (+0.32%)
MIZUHO FINANCIAL GROUP-ADR / MFG FAQ
What is the technical rating for MFG stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
Can you provide the RSI signal for MIZUHO FINANCIAL GROUP-ADR?
MIZUHO FINANCIAL GROUP-ADR (MFG) has an RSI value of 58.1012. 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 positive.
What is the buy/sell signal for MFG stock?
The buy/sell signal for MIZUHO FINANCIAL GROUP-ADR (MFG) is buy as both the short term and long term trends are positive.