MEDALLION FINANCIAL CORP (MFIN) Stock Technical Analysis
NASDAQ:MFIN - Nasdaq - US5839281061 - Common Stock - Currency: USD
Taking everything into account, MFIN scores 6 out of 10 in our technical rating. Although MFIN has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MFIN has a been trading in the 7.78 - 9.18 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that MFIN is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MFIN is an average performer in the Consumer Finance industry, it outperforms 60% of 52 stocks in the same industry.
MFIN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although the technical rating is only medium, MFIN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MFIN 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
7.87
10.43
We found 3 important support areas.
- A support zone ranging from 8.78 to 9.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.18 to 8.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.95 to 7.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.09 from a horizontal line in the daily time frame.
- 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.59
Mansfield0.6
10 Day High9.18
10 Day Low8.44
20 Day High9.18
20 Day Low7.78
52 Week High10.5
52 Week Low6.48
Performance
1 Week2.02%
2 Weeks4.24%
1 Month9.92%
3 Month1.56%
6 Month-5.31%
12 Month14.05%
2 Year43.38%
3 Year17.44%
5 Year290.13%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)60.38
LBB8.37
UBB9.21
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.10 | 8.77 | 0.33 (3.63%) | 25.00% |
| An entry @9.10. This is a Buy Stop order right above the resistance zone. | An exit @8.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 3.63%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MFIN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.09
+0.23 (+2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg2.6%
1 Week2.02%
2 Weeks4.24%
1 Month9.92%
3 Month1.56%
6 Month-5.31%
12 Month14.05%
2 Year43.38%
3 Year17.44%
5 Year290.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.63%
ATR Inc7.68%
Range Today0.29
ADR(20)0.42
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.59
Mansfield0.6
10 Day High9.18
10 Day Low8.44
20 Day High9.18
20 Day Low7.78
52 Week High10.5
52 Week Low6.48
CS1 End9.06
CR1 Start9.09
Volume & EV
DER(3)3.07%
DER(5)0.81%
Volume30.90K
Volume Incr-17.49%
Vol(5)40.22K
Vol(50)45.67K