MF INTERNATIONAL LTD-A (MFI) Stock Technical Analysis
NASDAQ:MFI • VGG6065C1216
Taking everything into account, MFI scores 2 out of 10 in our technical rating. Although MFI 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- MFI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MFI has a been trading in the 9.74 - 17.39 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: MFI has an average volume of 12682 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- MFI is part of the Capital Markets industry. There are 238 other stocks in this industry. MFI outperforms 94% of them.
- When comparing the yearly performance of all stocks, we notice that MFI is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Considerably lower volume is observed in the last couple of days.
The technical rating of MFI 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
4.36
3 important support areas can be observed.
- Support @11.39 from a horizontal line in the weekly time frame.
- Support @11.05 from a horizontal line in the daily time frame.
- Support @4.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.47 to 12.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.93 from a trend 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 MFI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MFI is down. |
| ChartMill Relative Strength | 88.96 | POSITIVE | MFI has a high relative strength, it outperformed 88.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MFI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MFI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MFI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.74 | NEUTRAL | The RSI value for MFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests MFI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.53 | NEUTRAL | The Stochastics value for MFI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.86 | HIGH VOLATILITY | The high ATR as a percentage value for MFI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.74 | NEGATIVE | The low ADX value for MFI suggests a weak or negative trend. |
11.4
+0.05 (+0.44%)
MF INTERNATIONAL LTD-A / MFI FAQ
What is the ChartMill technical rating of MF INTERNATIONAL LTD-A (MFI) stock?
ChartMill assigns a technical rating of 2 / 10 to MFI.
What is the trend direction for MFI stock?
The current trend direction for MF INTERNATIONAL LTD-A (MFI) is Bearish.
Can you provide the RSI signal for MF INTERNATIONAL LTD-A?
MF INTERNATIONAL LTD-A (MFI) has an RSI value of 32.7379. This indicates that the stock is currently neutral.
What is the MACD signal for MFI stock?
The MACD indicator for MF INTERNATIONAL LTD-A (MFI) has a value of -0.176818, indicating a bearish trend.
Can you provide the support and resistance levels for MF INTERNATIONAL LTD-A?
MF INTERNATIONAL LTD-A (MFI) has a support level at 11.39 and a resistance level at 12.47. Check the full technical report for our detailed analysis of MFI support and resistance levels.