MEDALLION FINANCIAL CORP (MFIN) Stock Technical Analysis
NASDAQ:MFIN - Nasdaq - US5839281061 - Common Stock - Currency: USD
Taking everything into account, MFIN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MFIN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MFIN is one of the better performing stocks in the market, outperforming 81% of all stocks.
MFIN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MFIN is performing more or less in line with the market.
MFIN is an average performer in the Consumer Finance industry, it outperforms 59% of 53 stocks in the same industry.
In the last month MFIN has a been trading in the 9.29 - 10.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, MFIN also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
8.39
10.43
When analyzing the support we can see 5 important areas.
- Support @10.05 from a horizontal line in the weekly time frame.
- A support zone ranging from 9.39 to 9.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.97 to 9.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.76 from a horizontal line in the daily time frame.
- Support @8.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.16 to 10.33. 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 | UP | POSITIVE | The long term trend for MFIN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFIN is up. |
| ChartMill Relative Strength | 81.07 | POSITIVE | MFIN has a high relative strength, it outperformed 81.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFIN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.4 | NEUTRAL | The RSI value for MFIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MFIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.9 | NEUTRAL | The Stochastics value for MFIN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.87 | NEUTRAL | The ADX value for MFIN suggests a possible start of a new 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)
10.14
-0.07 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-0.69%
1 Week5.41%
2 Weeks9.15%
1 Month3.58%
3 Month11.55%
6 Month13.3%
12 Month28.19%
2 Year20.71%
3 Year27.39%
5 Year274.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%3.27%
ATR Inc8.04%
Range Today0.37
ADR(20)0.32
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.07
Mansfield0.64
10 Day High10.75
10 Day Low9.3
20 Day High10.75
20 Day Low9.29
52 Week High10.75
52 Week Low7.21
CS1 End10.05
CR1 Start10.16
Volume & EV
DER(3)0.6%
DER(5)0.27%
Volume67.60K
Volume Incr68.24%
Vol(5)107.64K
Vol(50)58.87K