MERCURITY FINTECH HOLDING IN (MFH) Stock Technical Analysis
USA - NASDAQ:MFH - KYG594672027 - Common Stock
Taking everything into account, MFH scores 6 out of 10 in our technical rating. In the last year, MFH was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, MFH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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9.63
When analyzing the support we can see 2 important areas.
- Support @10.43 from a horizontal line in the weekly time frame.
- Support @9.73 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @12.35 from a horizontal 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 MFH is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MFH is down. |
| ChartMill Relative Strength | 98.62 | POSITIVE | MFH has a high relative strength, it outperformed 98.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MFH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MFH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.28 | NEUTRAL | The RSI value for MFH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MFH has a positive trend. |
| Stochastics (14,3) | 66.37 | NEUTRAL | The Stochastics value for MFH is a neutral value. |
| Average True Range in percent/ATR (20) | 18.68 | HIGH VOLATILITY | The high ATR as a percentage value for MFH suggests high volalility. |
| Average Directional Index/ADX (14) | 23.63 | NEUTRAL | The ADX value for MFH suggests a possible start of a new 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 |
|---|---|---|---|
| 12.36 | 10.42 | 1.94 (15.70%) | 6.37% |
| An entry @12.36. This is a Buy Stop order right above the resistance zone. | An exit @10.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.94 points, which is 15.70%. | When investing 6.37% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MFH. Please evaluate whether better entry and exit points can be found.
- 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.
11.35
+0.29 (+2.62%)
MERCURITY FINTECH HOLDING IN / MFH FAQ
What is the ChartMill technical rating of MERCURITY FINTECH HOLDING IN (MFH) stock?
ChartMill assigns a technical rating of 6 / 10 to MFH.
Can you provide the trend direction for MERCURITY FINTECH HOLDING IN?
The current trend direction for MERCURITY FINTECH HOLDING IN (MFH) is Bullish.
What is the RSI signal for MERCURITY FINTECH HOLDING IN (MFH) stock?
MERCURITY FINTECH HOLDING IN (MFH) has an RSI value of 46.2808. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MERCURITY FINTECH HOLDING IN?
The short term momentum for MERCURITY FINTECH HOLDING IN (MFH) is negative.
What is the support and resistance level for MFH stock?
MERCURITY FINTECH HOLDING IN (MFH) has a support level at 10.43 and a resistance level at 12.35. Check the full technical report for our detailed analysis of MFH support and resistance levels.