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 3 out of 10. 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.
75% of all other stocks performed better in the past year than MNSO.
MNSO is one of the lesser performing stocks in the Broadline Retail industry. 63% of 31 stocks in the same industry do better.
In the last month MNSO has a been trading in the 17.24 - 22.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MNSO has an average volume of 1539610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
MNSO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MNSO is lagging the market slightly.
The technical rating of MNSO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.38
28.43
We found 3 important support areas.
- 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 @14.53 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.31 to 20.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for MNSO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNSO is neutral. |
| ChartMill Relative Strength | 25.18 | NEGATIVE | MNSO has a low relative strength, it was outperformed by 74.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MNSO is below the rising 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) | UP | MIXED | The current price of MNSO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.48 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MNSO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.61 | NEUTRAL | The Stochastics value for MNSO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for MNSO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.35 | NEUTRAL | The ADX value for MNSO suggests a possible start of a new 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)
18.29
-3.9 (-17.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-17.58%
1 Week-9.95%
2 Weeks-7.02%
1 Month7.27%
3 Month-8.5%
6 Month9.65%
12 Month-18.75%
2 Year20.33%
3 Year232.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%5.36%
ATR Inc269.67%
Range Today1.11
ADR(20)0.63
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.18
Mansfield-0.71
10 Day High22.29
10 Day Low17.62
20 Day High22.29
20 Day Low17.24
52 Week High27.71
52 Week Low12.51
CS1 End15.64
CR1 Start20.31
Volume & EV
DER(3)2.81%
DER(5)2.99%
Volume9.19M
Volume Incr196.23%
Vol(5)2.84M
Vol(50)1.54M