MERCURITY FINTECH HOLDING IN (MFH) Stock Technical Analysis
NASDAQ:MFH - Nasdaq - KYG594672027 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to MFH. Although MFH 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
MFH is part of the Software industry. There are 284 other stocks in this industry. MFH outperforms 87% of them.
Looking at the yearly performance, MFH did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MFH 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 MFH is lagging the market slightly.
In the last month MFH has a been trading in the 2.96 - 5.79 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.
The technical rating of MFH is bad and it also does not present a 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
3.18
7.98
We found 1 important support area.
- Support @3.21 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.23 to 4.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.90 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 | DOWN | NEGATIVE | The long term trend for MFH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MFH is down. |
| ChartMill Relative Strength | 94.54 | POSITIVE | MFH has a high relative strength, it outperformed 94.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MFH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MFH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MFH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.19 | NEUTRAL | The RSI value for MFH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MFH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.65 | NEUTRAL | The Stochastics value for MFH is a neutral value. |
| Average True Range in percent/ATR (20) | 14.86 | HIGH VOLATILITY | The high ATR as a percentage value for MFH suggests high volalility. |
| Average Directional Index/ADX (14) | 22.91 | NEUTRAL | The ADX value for MFH suggests a possible start of a new 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)
3.79
-0.31 (-7.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-7.56%
1 Week-10.19%
2 Weeks23.45%
1 Month-30.46%
3 Month-26.83%
6 Month-41.69%
12 Month126.95%
2 Year64.07%
3 Year531.67%
5 Year64.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%14.86%
ATR Inc-31.27%
Range Today0.32
ADR(20)0.56
ADR(20)%14.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.54
Mansfield-1.09
10 Day High4.73
10 Day Low3
20 Day High5.79
20 Day Low2.96
52 Week High8.86
52 Week Low1.03
CS1 End3.21
CR1 Start4.23
Volume & EV
DER(3)-4.69%
DER(5)-1.14%
Volume152.80K
Volume Incr450.93%
Vol(5)797.64K
Vol(50)181.10K