MEDALLION FINANCIAL CORP (MFIN) Stock Technical Analysis
NASDAQ:MFIN • US5839281061
Taking everything into account, MFIN scores 4 out of 10 in our technical rating. 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.
- MFIN is one of the better performing stocks in the Consumer Finance industry, it outperforms 83% of 54 stocks in the same industry.
- MFIN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MFIN is lagging the market slightly.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, MFIN outperforms 63% of them, which is more or less in line with the market.
- In the last month MFIN has a been trading in the 9.85 - 11.00 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.
MFIN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.30, 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. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
9.08
4 important support areas can be observed.
- A support zone ranging from 10.15 to 10.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.92 from a trend line in the daily time frame.
- Support @9.70 from a horizontal line in the daily time frame.
- A support zone ranging from 9.17 to 9.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @10.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.71 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 | 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 | 63.08 | 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) | 54.97 | NEUTRAL | The RSI value for MFIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MFIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.75 | NEUTRAL | The Stochastics value for MFIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for MFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 21 | NEUTRAL | The ADX value for MFIN suggests a possible start of a new trend. |
10.43
+0.34 (+3.37%)
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 Bearish.
Can you provide the RSI signal for MEDALLION FINANCIAL CORP?
MEDALLION FINANCIAL CORP (MFIN) has an RSI value of 54.9656. 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.