MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Technical Analysis
USA - NYSE:MNSO - US66981J1025 - ADR
Taking everything into account, MNSO scores 2 out of 10 in our technical rating. MNSO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
MNSO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 21.25, a Stop Loss order could be placed below this zone.
More info and screens
15.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.90 to 21.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.25 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.59 to 22.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.75 to 23.05. This zone is formed by a combination of multiple trend lines and important moving averages 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 MNSO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MNSO is down. |
| ChartMill Relative Strength | 69.5 | NEUTRAL | MNSO is not amongst the best or worst performers 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 | MIXED | The current price of MNSO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.81 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MNSO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.36 | NEUTRAL | The Stochastics value for MNSO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.55 | NEUTRAL | The ADX value for MNSO suggests a possible start of a new trend. |
21.48
+0.38 (+1.8%)
MINISO GROUP HOLDING LTD-ADR / MNSO FAQ
What is the ChartMill technical rating of MINISO GROUP HOLDING LTD-ADR (MNSO) stock?
ChartMill assigns a technical rating of 2 / 10 to MNSO.
What is the trend direction for MNSO stock?
The current trend direction for MINISO GROUP HOLDING LTD-ADR (MNSO) is Bearish.
What is the RSI signal for MNSO stock?
MINISO GROUP HOLDING LTD-ADR (MNSO) has an RSI value of 43.8103. 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 -0.0274927, indicating a bearish trend.
Can you provide the short term momentum for MINISO GROUP HOLDING LTD-ADR?
The short term momentum for MINISO GROUP HOLDING LTD-ADR (MNSO) is negative.