MERCURITY FINTECH HOLDING IN (MFH) Stock Technical Analysis
NASDAQ:MFH - KYG594672027 - Common Stock
6.99 USD
+0.49 (+7.54%)
7.1399 USD
+0.15 (+2.14%)
Taking everything into account, MFH scores 9 out of 10 in our technical rating. In the last year, MFH was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that MFH is one of the better performing stocks in the market, outperforming 99% of all stocks.
MFH is one of the better performing stocks in the Software industry, it outperforms 99% of 281 stocks in the same industry.
MFH 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 MFH is lagging the market slightly.
In the last month MFH has a been trading in the 3.35 - 7.02 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MFH has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.92
7.99
We can see 2 important resistance areas.
- Resistance @7.48 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.90 to 7.91. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for MFH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFH is up. |
| ChartMill Relative Strength | 99.14 | POSITIVE | MFH has a high relative strength, it outperformed 99.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFH is above 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) | 79.38 | OVERBOUGHT | The high RSI value suggests MFH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests MFH has a positive trend. |
| Stochastics (14,3) | 97.62 | OVERBOUGHT | The high Stochastics value suggests MFH may be overbought. |
| Average True Range in percent/ATR (20) | 6.41 | HIGH VOLATILITY | The high ATR as a percentage value for MFH suggests high volalility. |
| Average Directional Index/ADX (14) | 26.47 | POSITIVE | The high ADX value value for MFH suggests a strong 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)
6.99
+0.49 (+7.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg7.54%
1 Week41.5%
2 Weeks62.56%
1 Month69.45%
3 Month127.69%
6 Month21.57%
12 Month367.56%
2 Year375.51%
3 Year628.43%
5 Year197.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%6.41%
ATR Inc98.63%
Range Today0.49
ADR(20)0.45
ADR(20)%6.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.14
Mansfield3.66
10 Day High7.02
10 Day Low4.09
20 Day High7.02
20 Day Low3.35
52 Week High8.86
52 Week Low1.03
CS1 EndN/A
CR1 Start7.48
Volume & EV
DER(3)-3.77%
DER(5)-1.98%
Volume167.90K
Volume Incr-59.7%
Vol(5)156.70K
Vol(50)906.02K