Mackinac Financial (MFNC) Technical Analysis
NASDAQ:MFNC
Current stock price
MFNC Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to MFNC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MFNC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MFNC is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, MFNC also shows a nice and consistent pattern of rising prices.
- MFNC is one of the better performing stocks in the Banks industry, it outperforms 97% of 377 stocks in the same industry.
- MFNC 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 MFNC has a been trading in the 20.50 - 21.78 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
MFNC Weekly and Daily overview Charts
MFNC Setup Rating and Analysis
MFNC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.92. Right above this resistance zone may be a good entry point. 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
MFNC Support and Resistance Analysis
17.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.58 to 19.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.25 from a horizontal line in the daily time frame.
- Support @17.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.92 to 22.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
MFNC Technical Indicator Signal Analysis
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 MFNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFNC is up. |
| ChartMill Relative Strength | 88.99 | POSITIVE | MFNC has a high relative strength, it outperformed 88.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.09 | NEUTRAL | The RSI value for MFNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MFNC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.13 | NEUTRAL | The Stochastics value for MFNC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for MFNC suggests low volalility. |
MFNC Chart- and CandleStick Pattern Analysis
MFNC Example Setup
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 |
|---|---|---|---|
| 22.03 | 20.81 | 1.22 (5.54%) | 18.06% |
| An entry @22.03. This is a Buy Stop order right above the resistance zone. | An exit @20.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.22 points, which is 5.54%. | When investing 18.06% 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.
MFNC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MFNC (9/3/2021, 9:01:12 PM)
21.5
+0.12 (+0.56%)
Mackinac Financial / MFNC TA FAQ
Can you provide the ChartMill technical rating for Mackinac Financial?
ChartMill assigns a technical rating of 10 / 10 to MFNC.
What is the trend direction for MFNC stock?
The current trend direction for Mackinac Financial (MFNC) is Bullish.
What is the RSI signal for MFNC stock?
Mackinac Financial (MFNC) has an RSI value of 63.0948. This indicates that the stock is currently neutral.
What is the short term momentum for Mackinac Financial (MFNC) stock?
The short term momentum for Mackinac Financial (MFNC) is positive.
What is the support and resistance level for MFNC stock?
Mackinac Financial (MFNC) has a support level at 19.77 and a resistance level at 21.92. Check the full technical report for our detailed analysis of MFNC support and resistance levels.