MEIHUA INTERNATIONAL MEDICAL (MHUA) Stock Technical Analysis
NASDAQ:MHUA - KYG5966G1082 - Common Stock
0.4199 USD
+0 (+0.48%)
0.4199 USD
0 (0%)
Overall MHUA gets a technical rating of 5 out of 10. In the last year, MHUA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, MHUA is a bad performer in the overall market: 94% of all stocks are doing better.
MHUA is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 68% are performing better than MHUA.
MHUA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MHUA has a been trading in the 0.36 - 0.44 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MHUA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for MHUA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.27
0.58
We found 4 important support areas.
- A support zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.39 from a trend line in the daily time frame.
- Support @0.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @0.42 from a trend line in the daily time frame.
- Resistance @0.44 from a horizontal line in the daily time frame.
- Resistance @0.45 from a trend line in the weekly time frame.
- Resistance @0.57 from a trend line in the daily time frame.
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 MHUA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MHUA is up. |
| ChartMill Relative Strength | 6.66 | NEGATIVE | MHUA has a low relative strength, it was outperformed by 93.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MHUA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MHUA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MHUA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.07 | NEUTRAL | The RSI value for MHUA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MHUA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.26 | NEUTRAL | The Stochastics value for MHUA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for MHUA suggests high volalility. |
| Average Directional Index/ADX (14) | 10.3 | NEGATIVE | The low ADX value for MHUA suggests a weak or negative 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)
0.4199
+0 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.48%
1 Week0.77%
2 Weeks9.58%
1 Month13.76%
3 Month-7.73%
6 Month28.02%
12 Month-54.07%
2 Year-85%
3 Year-88.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%6.94%
ATR Inc-45.2%
Range Today0.01
ADR(20)0.03
ADR(20)%6.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.66
Mansfield-2.09
10 Day High0.44
10 Day Low0.38
20 Day High0.44
20 Day Low0.36
52 Week High1.24
52 Week Low0.25
CS1 End0.41
CR1 Start0.42
Volume & EV
DER(3)5.44%
DER(5)5.35%
Volume24.40K
Volume Incr-45.98%
Vol(5)52.18K
Vol(50)116.15K