MEIHUA INTERNATIONAL MEDICAL (MHUA) Stock Technical Analysis
NASDAQ:MHUA - Nasdaq - KYG5966G1082 - Common Stock - Currency: USD
Overall MHUA gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MHUA was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MHUA is a bad performer in the overall market: 79% of all stocks are doing better.
MHUA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MHUA is lagging the market.
In the last month MHUA has a been trading in the 0.26 - 0.44 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
MHUA is an average performer in the Health Care Equipment & Supplies industry, it outperforms 53% of 189 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
MHUA has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.27
0.41
When analyzing the support we can see 2 important areas.
- Support @0.36 from a horizontal line in the daily time frame.
- Support @0.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.40 from a horizontal line in the weekly time frame.
- Resistance @0.41 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 | DOWN | NEGATIVE | The long term trend for MHUA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MHUA is up. |
| ChartMill Relative Strength | 21.77 | NEGATIVE | MHUA has a low relative strength, it was outperformed by 78.23% 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 | NEGATIVE | The current price of MHUA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.24 | 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) | 64.52 | NEUTRAL | The Stochastics value for MHUA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.28 | HIGH VOLATILITY | The high ATR as a percentage value for MHUA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for MHUA suggests a possible start of a new 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)
0.381
0 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.03%
1 Week-3.25%
2 Weeks22.9%
1 Month28.8%
3 Month5.86%
6 Month-47.02%
12 Month-41.38%
2 Year-86.2%
3 Year-93.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%11.28%
ATR Inc-49.23%
Range Today0.02
ADR(20)0.04
ADR(20)%11.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.77
Mansfield-3.67
10 Day High0.44
10 Day Low0.3
20 Day High0.44
20 Day Low0.26
52 Week High1.47
52 Week Low0.25
CS1 End0.36
CR1 Start0.39
Volume & EV
DER(3)-3.01%
DER(5)-15.93%
Volume16.50K
Volume Incr-85.71%
Vol(5)76.58K
Vol(50)256.48K