MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Technical Analysis
NYSE:MNSO - New York Stock Exchange, Inc. - US66981J1025 - ADR - Currency: USD
Overall MNSO gets a technical rating of 0 out of 10. MNSO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MNSO is a bad performer in the overall market: 80% of all stocks are doing better.
MNSO is part of the Broadline Retail industry. There are 30 other stocks in this industry, of which 62% are performing better than MNSO.
In the last month MNSO has a been trading in the 16.73 - 22.29 range, which is quite wide. It is currently trading near the lows of this range.
MNSO has an average volume of 1424620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MNSO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MNSO is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MNSO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.98, a Stop Loss order could be placed below this zone.
More info and screens
14.47
28.43
We found 5 important support areas.
- A support zone ranging from 17.70 to 17.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.02 from a horizontal line in the daily time frame.
- Support @15.64 from a horizontal line in the weekly time frame.
- Support @15.25 from a horizontal line in the weekly time frame.
- Support @14.62 from a trend line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 18.53 to 18.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.31 from a horizontal line in the weekly time frame.
- Resistance @21.40 from a trend line in the daily time frame.
- Resistance @21.79 from a horizontal line in the daily time frame.
- Resistance @22.71 from a horizontal line in the daily time frame.
- Resistance @28.15 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 | DOWN | NEGATIVE | The long term trend for MNSO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNSO is neutral. |
| ChartMill Relative Strength | 20 | NEGATIVE | MNSO has a low relative strength, it was outperformed by 80% 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 | MIXED | The current price of MNSO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MNSO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.18 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MNSO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.01 | NEUTRAL | The Stochastics value for MNSO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.58 | NEGATIVE | The low ADX value for MNSO suggests a weak or negative 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)
18.36
-0.24 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-1.29%
1 Week1.21%
2 Weeks4.79%
1 Month-7.83%
3 Month-11.26%
6 Month-23.75%
12 Month-11.09%
2 Year8.06%
3 Year133.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%4.7%
ATR Inc-51.59%
Range Today0.27
ADR(20)0.54
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20
Mansfield-0.89
10 Day High18.92
10 Day Low16.73
20 Day High22.29
20 Day Low16.73
52 Week High27.71
52 Week Low12.51
CS1 End17.98
CR1 Start18.53
Volume & EV
DER(3)1.79%
DER(5)1.57%
Volume809.40K
Volume Incr-51.62%
Vol(5)852.14K
Vol(50)1.42M