We assign a technical rating of 3 out of 10 to MFIN. MFIN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, MFIN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 9.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.86
4 important support areas can be observed.
- A support zone ranging from 9.62 to 9.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.37 from a horizontal line in the weekly time frame.
- A support zone ranging from 9.12 to 9.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.95 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @10.16 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for MFIN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MFIN is neutral. |
| ChartMill Relative Strength | 43.83 | NEUTRAL | MFIN is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MFIN is above a declining 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) | 53.75 | NEUTRAL | The RSI value for MFIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MFIN has a positive trend. |
| Stochastics (14,3) | 75.59 | NEUTRAL | The Stochastics value for MFIN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.76 | NEUTRAL | The ADX value for MFIN suggests a possible start of a new trend. |
9.94
-0.03 (-0.3%)
MEDALLION FINANCIAL CORP / MFIN FAQ
What is the technical rating for MFIN stock?
ChartMill assigns a technical rating of 3 / 10 to MFIN.
What is the current trend direction of MEDALLION FINANCIAL CORP (MFIN) stock?
The current trend direction for MEDALLION FINANCIAL CORP (MFIN) is Bearish.
Can you provide the RSI signal for MEDALLION FINANCIAL CORP?
MEDALLION FINANCIAL CORP (MFIN) has an RSI value of 53.7548. This indicates that the stock is currently neutral.
What is the short term momentum for MEDALLION FINANCIAL CORP (MFIN) stock?
The short term momentum for MEDALLION FINANCIAL CORP (MFIN) is neutral.