MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Technical Analysis
USA - NYSE:MNSO - US66981J1025 - ADR
25.05 USD
+0.28 (+1.13%)
25.05 USD
0 (0%)
Taking everything into account, MNSO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MNSO 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 MNSO is one of the better performing stocks in the market, outperforming 90% of all stocks.
MNSO is part of the Broadline Retail industry. There are 28 other stocks in this industry. MNSO outperforms 70% of them.
MNSO 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 MNSO is lagging the market slightly.
In the last month MNSO has a been trading in the 23.96 - 26.74 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, MNSO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 24.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MNSO 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
15.10
25.30
We found 4 important support areas.
- A support zone ranging from 24.37 to 24.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.58 from a trend line in the daily time frame.
- Support @19.41 from a trend line in the daily time frame.
- Support @15.25 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for MNSO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNSO is up. |
| ChartMill Relative Strength | 90.18 | POSITIVE | MNSO has a high relative strength, it outperformed 90.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MNSO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNSO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNSO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.67 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests MNSO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.49 | NEUTRAL | The Stochastics value for MNSO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 31.25 | POSITIVE | The high ADX value value for MNSO suggests a strong 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)
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 |
|---|---|---|---|
| 25.93 | 24.36 | 1.57 (6.05%) | 16.52% |
| An entry @25.93. This is a Buy Stop order right above the 10 day high. | An exit @24.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.57 points, which is 6.05%. | When investing 16.52% 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.
25.05
+0.28 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.13%
1 Week1.29%
2 Weeks2.16%
1 Month12.99%
3 Month45.55%
6 Month32.26%
12 Month52.19%
2 Year-3.28%
3 Year356.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%3.62%
ATR Inc14.8%
Range Today0.74
ADR(20)0.61
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.18
Mansfield1.14
10 Day High25.92
10 Day Low24.08
20 Day High26.74
20 Day Low23.96
52 Week High27.71
52 Week Low12.51
CS1 End24.52
CR1 StartN/A
Volume & EV
DER(3)6.21%
DER(5)3.67%
Volume673.60K
Volume Incr-42.71%
Vol(5)814.54K
Vol(50)952.42K