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.
- 86% of all other stocks performed better in the past year than MNSO.
- MNSO is part of the Broadline Retail industry. There are 30 other stocks in this industry, of which 72% are performing better than MNSO.
- MNSO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MNSO has a been trading in the 14.49 - 17.04 range, which is quite wide. It is currently trading near the lows of this range.
MNSO Weekly and Daily overview Charts
MNSO Setup Rating and Analysis
The technical rating of MNSO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MNSO Support and Resistance Analysis
14.38
4 important resistance areas can be observed.
- A resistance zone ranging from 15.52 to 15.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 16.04 to 16.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.87 from a horizontal line in the daily time frame.
- Resistance @25.62 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 | 14.2 | NEGATIVE | MNSO has a low relative strength, it was outperformed by 85.8% 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) | 32.47 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MNSO has a negative trend. |
| Stochastics (14,3) | 9.68 | OVERSOLD | The low Stochastics value suggests MNSO may be oversold. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 31.92 | 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
14.53
-0.14 (-0.95%)
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 32.4662. 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 -0.0706844, 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 resistance level at 15.52. Check the full technical report for our detailed analysis of MNSO support and resistance levels.