We assign a technical rating of 4 out of 10 to MFIN. In the last year, MFIN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, MFIN does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.92, a Stop Loss order could be placed below this zone.
More info and screens
9.00
3 important support areas can be observed.
- Support @9.92 from a trend line in the weekly time frame.
- A support zone ranging from 9.37 to 9.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.09 to 9.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.20 to 10.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.73 to 10.83. 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 | NEUTRAL | NEUTRAL | The short term trend for MFIN is neutral. |
| ChartMill Relative Strength | 62.56 | NEUTRAL | MFIN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MFIN is below a declining 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) | 45.69 | NEUTRAL | The RSI value for MFIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MFIN has a negative trend. |
| Stochastics (14,3) | 19.28 | OVERSOLD | The low Stochastics value suggests MFIN may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.52 | NEGATIVE | The low ADX value for MFIN suggests a weak or negative trend. |
10.17
-0.18 (-1.74%)
MEDALLION FINANCIAL CORP / MFIN FAQ
What is the technical rating for MFIN stock?
ChartMill assigns a technical rating of 4 / 10 to MFIN.
What is the trend direction for MFIN stock?
The current trend direction for MEDALLION FINANCIAL CORP (MFIN) is Bullish.
Can you provide the RSI signal for MEDALLION FINANCIAL CORP?
MEDALLION FINANCIAL CORP (MFIN) has an RSI value of 45.6927. This indicates that the stock is currently neutral.
What is the short term momentum for MFIN stock?
The short term momentum for MEDALLION FINANCIAL CORP (MFIN) is neutral.