MERCURITY FINTECH HOLDING IN (MFH) Technical Analysis
NASDAQ:MFH • KYG594672027
Current stock price
MFH Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MFH. In the last year, MFH was one of the better performers, but we do observe some doubts in the very recent evolution.
- MFH is currently trading in the lower part 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.
- When comparing the yearly performance of all stocks, we notice that MFH is one of the better performing stocks in the market, outperforming 98% of all stocks.
- MFH is part of the Software industry. There are 275 other stocks in this industry. MFH outperforms 98% of them.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month MFH has a been trading in the 8.41 - 15.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MFH Weekly and Daily overview Charts
MFH Setup Rating and Analysis
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.
More info and screens
MFH Support and Resistance Analysis
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.
MFH Technical Indicator Signal Analysis
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 | 98.97 | POSITIVE | MFH has a high relative strength, it outperformed 98.97% 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. |
MFH Chart- and CandleStick Pattern Analysis
MFH Example Setup
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.
MFH Technicals: Chart, Performance Metrics, Trend & Indicators
11.35
+0.29 (+2.62%)
MERCURITY FINTECH HOLDING IN / MFH TA FAQ
What is the ChartMill technical rating of MERCURITY FINTECH HOLDING IN (MFH) stock?
ChartMill assigns a technical rating of 6 / 10 to MFH.
What is the trend direction for MFH stock?
The current trend direction for MERCURITY FINTECH HOLDING IN (MFH) is Bullish.
Can you provide the RSI signal for MERCURITY FINTECH HOLDING IN?
MERCURITY FINTECH HOLDING IN (MFH) has an RSI value of 46.2808. This indicates that the stock is currently neutral.
What is the MACD signal for MFH stock?
The MACD indicator for MERCURITY FINTECH HOLDING IN (MFH) has a value of 0.101499, indicating a bearish trend.
What are the support and resistance levels for MERCURITY FINTECH HOLDING IN (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.