MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Technical Analysis
NYSE:MNSO • US66981J1025
We assign a technical rating of 3 out of 10 to MNSO. Recently some decent action could be observed, but in the medium term time frame this is still negative. MNSO was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, MNSO is a bad performer in the overall market: 70% of all stocks are doing better.
- In the last month MNSO has a been trading in the 18.13 - 20.18 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- MNSO is part of the Broadline Retail industry. There are 30 other stocks in this industry, MNSO did better than 58% of them.
- 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.
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. There is a resistance zone just above the current price starting at 19.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.46, a Stop Loss order could be placed below this zone.
More info and screens
15.10
We found 4 important support areas.
- A support zone ranging from 19.14 to 19.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.38 to 18.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.10 from a trend line in the weekly time frame.
- Support @15.25 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 19.63 to 19.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.43 from a horizontal line in the daily time frame.
- Resistance @25.90 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 | UP | POSITIVE | The short term trend for MNSO is up. |
| ChartMill Relative Strength | 30.5 | NEUTRAL | MNSO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNSO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNSO is above the rising 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) | 54.88 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MNSO has a positive trend. |
| Stochastics (14,3) | 82.37 | OVERBOUGHT | The high Stochastics value suggests MNSO may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.81 | NEGATIVE | The low ADX value for MNSO suggests a weak or negative trend. |
19.61
+0.12 (+0.62%)
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 3 / 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 54.8765. 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 0.105217, 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 positive.