Taking everything into account, MFIC scores 2 out of 10 in our technical rating. 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 a poor technical rating and the quality of the setup is also only medium 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
11.35
We found 2 important support areas.
- A support zone ranging from 11.80 to 11.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.46 to 11.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @12.42 from a horizontal line in the daily time frame.
- Resistance @12.84 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.12 to 13.46. 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 | DOWN | NEGATIVE | The long term trend for MFIC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFIC is up. |
| ChartMill Relative Strength | 23.6 | NEGATIVE | MFIC has a low relative strength, it was outperformed by 76.4% 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) | DOWN | MIXED | The current price of MFIC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MFIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.49 | NEUTRAL | The RSI value for MFIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MFIC has a positive trend. |
| Stochastics (14,3) | 79.76 | NEUTRAL | The Stochastics value for MFIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MFIC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.7 | NEGATIVE | The low ADX value for MFIC suggests a weak or negative trend. |
12.2
+0.09 (+0.74%)
MIDCAP FINANCIAL INVESTMENT / MFIC FAQ
What is the ChartMill technical rating of MIDCAP FINANCIAL INVESTMENT (MFIC) stock?
ChartMill assigns a technical rating of 2 / 10 to MFIC.
Can you provide the trend direction for MIDCAP FINANCIAL INVESTMENT?
The current trend direction for MIDCAP FINANCIAL INVESTMENT (MFIC) is Bearish.
Can you provide the RSI signal for MIDCAP FINANCIAL INVESTMENT?
MIDCAP FINANCIAL INVESTMENT (MFIC) has an RSI value of 58.4857. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MIDCAP FINANCIAL INVESTMENT?
The buy/sell signal for MIDCAP FINANCIAL INVESTMENT (MFIC) is hold as the short term and long term trends are mixed.
What is the support and resistance level for MFIC stock?
MIDCAP FINANCIAL INVESTMENT (MFIC) has a support level at 11.94 and a resistance level at 12.42. Check the full technical report for our detailed analysis of MFIC support and resistance levels.