MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MNSO - US66981J1025 - ADR
Taking everything into account, MNSO scores 0 out of 10 in our technical rating. 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.
Although the technical rating is bad, MNSO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
2 important support areas can be observed.
- Support @16.03 from a trend line in the weekly time frame.
- Support @15.25 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 19.41 to 19.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.17 to 20.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.09 from a trend 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 | DOWN | NEGATIVE | The short term trend for MNSO is down. |
| ChartMill Relative Strength | 15.59 | NEGATIVE | MNSO has a low relative strength, it was outperformed by 84.41% 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) | 33.91 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MNSO has a negative trend. |
| Stochastics (14,3) | 11.39 | OVERSOLD | The low Stochastics value suggests MNSO may be oversold. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.85 | NEUTRAL | The ADX value for MNSO suggests a possible start of a new trend. |
18.75
-0.18 (-0.95%)
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 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 MNSO stock?
MINISO GROUP HOLDING LTD-ADR (MNSO) has an RSI value of 33.9122. This indicates that the stock is currently neutral.
What is the MACD signal for MINISO GROUP HOLDING LTD-ADR (MNSO) stock?
The MACD indicator for MINISO GROUP HOLDING LTD-ADR (MNSO) has a value of -0.0377329, indicating a bearish trend.
What is the short term momentum for MNSO stock?
The short term momentum for MINISO GROUP HOLDING LTD-ADR (MNSO) is negative.