MINISO GROUP HOLDING LTD-ADR (MNSO) Technical Analysis
NYSE:MNSO • US66981J1025
Current stock price
MNSO Technical Rating and Analysis
Taking everything into account, MNSO scores 0 out of 10 in our technical rating. MNSO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 81% of all other stocks performed better in the past year than MNSO.
- MNSO is one of the lesser performing stocks in the Broadline Retail industry. 65% of 30 stocks in the same industry do better.
- MNSO 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 MNSO is lagging the market.
- In the last month MNSO has a been trading in the 15.31 - 17.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MNSO Weekly and Daily overview Charts
MNSO Setup Rating and Analysis
MNSO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
MNSO Support and Resistance Analysis
15.10
2 important support areas can be observed.
- Support @15.89 from a horizontal line in the weekly time frame.
- A support zone ranging from 15.25 to 15.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 16.07 to 16.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.51 to 17.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.87 from a horizontal line in the daily time frame.
- Resistance @25.73 from a trend line in the weekly time frame.
MNSO 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 | DOWN | NEGATIVE | The long term trend for MNSO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MNSO is down. |
| ChartMill Relative Strength | 19.29 | NEGATIVE | MNSO has a low relative strength, it was outperformed by 80.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNSO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MNSO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MNSO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.65 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MNSO has a positive trend. |
| Stochastics (14,3) | 37.14 | NEUTRAL | The Stochastics value for MNSO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for MNSO suggests a strong trend. |
MNSO Chart- and CandleStick Pattern Analysis
MNSO Technicals: Chart, Performance Metrics, Trend & Indicators
16.06
-0.29 (-1.77%)
MINISO GROUP HOLDING LTD-ADR / MNSO TA FAQ
What is the ChartMill technical rating of MINISO GROUP HOLDING LTD-ADR (MNSO) stock?
ChartMill assigns a technical rating of 0 / 10 to MNSO.
Can you provide the trend direction for MINISO GROUP HOLDING LTD-ADR?
The current trend direction for MINISO GROUP HOLDING LTD-ADR (MNSO) is Bearish.
What is the RSI signal for MINISO GROUP HOLDING LTD-ADR (MNSO) stock?
MINISO GROUP HOLDING LTD-ADR (MNSO) has an RSI value of 39.6525. This indicates that the stock is currently neutral.
What is the MACD signal for MNSO stock?
The MACD indicator for MINISO GROUP HOLDING LTD-ADR (MNSO) has a value of 0.0308873, indicating a bearish trend.
What are the support and resistance levels for MINISO GROUP HOLDING LTD-ADR (MNSO) stock?
MINISO GROUP HOLDING LTD-ADR (MNSO) has a support level at 15.89 and a resistance level at 16.07. Check the full technical report for our detailed analysis of MNSO support and resistance levels.