We assign a technical rating of 3 out of 10 to MFI. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 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.
- MFI is part of the Capital Markets industry. There are 238 other stocks in this industry. MFI outperforms 96% of them.
- Looking at the yearly performance, MFI did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month MFI has a been trading in the 12.51 - 20.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MFI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for MFI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
13.24
When analyzing the support we can see 4 important areas.
- Support @14.69 from a trend line in the daily time frame.
- A support zone ranging from 14.04 to 14.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.80 from a trend line in the weekly time frame.
- Support @13.37 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.35 to 16.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.39 to 17.74. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 94.83 | POSITIVE | MFI has a high relative strength, it outperformed 94.83% 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) | UP | MIXED | The current price of MFI is below the rising 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) | 43.07 | NEUTRAL | The RSI value for MFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests MFI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.24 | NEUTRAL | The Stochastics value for MFI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.37 | HIGH VOLATILITY | The high ATR as a percentage value for MFI suggests high volalility. |
| Average Directional Index/ADX (14) | 8.92 | NEGATIVE | The low ADX value for MFI suggests a weak or negative trend. |
15.15
-0.95 (-5.9%)
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 3 / 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 43.0694. 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 0.144168, 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 14.69 and a resistance level at 16.35. Check the full technical report for our detailed analysis of MFI support and resistance levels.