MEDALLION FINANCIAL CORP (MFIN) Stock Technical Analysis
NASDAQ:MFIN - US5839281061 - Common Stock
10.71 USD
-0.08 (-0.74%)
10.72 USD
+0.01 (+0.09%)
We assign a technical rating of 10 out of 10 to MFIN. 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 83% of all stocks. We also observe that the gains produced by MFIN over the past year are nicely spread over this period.
MFIN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MFIN has a been trading in the 9.86 - 10.87 range, which is quite wide. It is currently trading near the high of this range.
MFIN is an average performer in the Consumer Finance industry, it outperforms 56% of 54 stocks in the same industry.
Besides having an excellent technical rating, MFIN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.72. Right above this resistance zone may be a good entry point.
More info and screens
8.49
10.91
When analyzing the support we can see 6 important areas.
- A support zone ranging from 9.95 to 10.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.74 from a trend line in the weekly time frame.
- A support zone ranging from 9.28 to 9.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.03 to 9.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.76 from a horizontal line in the daily time frame.
- Support @8.58 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.72 to 10.80. 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 | 83.85 | POSITIVE | MFIN has a high relative strength, it outperformed 83.85% 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) | 60.54 | NEUTRAL | The RSI value for MFIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MFIN has a positive trend. |
| Stochastics (14,3) | 80.1 | OVERBOUGHT | The high Stochastics value suggests MFIN may be overbought. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for MFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.35 | 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)
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 |
|---|---|---|---|
| 10.81 | 10.14 | 0.67 (6.20%) | 16.13% |
| An entry @10.81. This is a Buy Stop order right above the resistance zone. | An exit @10.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.67 points, which is 6.20%. | When investing 16.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
10.71
-0.08 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-0.74%
1 Week1.32%
2 Weeks5.52%
1 Month3.58%
3 Month11.45%
6 Month22.4%
12 Month44.15%
2 Year52.56%
3 Year52.56%
5 Year328.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%2.66%
ATR Inc4.16%
Range Today0.21
ADR(20)0.28
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.85
Mansfield0.66
10 Day High10.87
10 Day Low10.15
20 Day High10.87
20 Day Low9.86
52 Week High10.98
52 Week Low7.4
CS1 End10.04
CR1 Start10.72
Volume & EV
DER(3)-0.31%
DER(5)-1.15%
Volume32.10K
Volume Incr-27.78%
Vol(5)40.46K
Vol(50)62.19K