MIDCAP FINANCIAL INVESTMENT (MFIC) Stock Technical Analysis
NASDAQ:MFIC - Nasdaq - US03761U5020 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to MFIC. Recently some decent action could be observed, but in the medium term time frame this is still negative. MFIC was also a bad performer in the overall market in the last year.
MFIC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MFIC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.40
When analyzing the support we notice one important area.
- A support zone ranging from 12.53 to 12.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @13.17 from a horizontal line in the daily time frame.
- Resistance @13.98 from a trend line in the weekly time frame.
- A resistance zone ranging from 14.61 to 14.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MFIC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFIC is up. |
| ChartMill Relative Strength | 25.05 | NEGATIVE | MFIC has a low relative strength, it was outperformed by 74.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MFIC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.97 | NEUTRAL | The RSI value for MFIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MFIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.31 | OVERBOUGHT | The high Stochastics value suggests MFIC may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for MFIC suggests low volalility. |
| Average Directional Index/ADX (14) | 26.73 | POSITIVE | The high ADX value value for MFIC suggests a strong trend. |
13.125
+0.04 (+0.34%)