MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Technical Analysis
NYSE:MNSO - New York Stock Exchange, Inc. - US66981J1025 - ADR - Currency: USD
Taking everything into account, MNSO scores 7 out of 10 in our technical rating. MNSO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MNSO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that MNSO is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MNSO is an average performer in the Broadline Retail industry, it outperforms 48% of 28 stocks in the same industry.
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.
Besides having an excellent technical rating, MNSO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 18.71, a Stop Loss order could be placed below this zone.
More info and screens
15.10
22.94
We found 3 important support areas.
- A support zone ranging from 18.33 to 18.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.02 to 17.21. 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 19.89 to 20.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.83 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.
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 | UP | POSITIVE | The short term trend for MNSO is up. |
| ChartMill Relative Strength | 74.12 | POSITIVE | MNSO has a high relative strength, it outperformed 74.12% off all stocks 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) | 55.68 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MNSO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.86 | NEUTRAL | The Stochastics value for MNSO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.25 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.15 | 19.06 | 1.09 (5.41%) | 18.49% |
| An entry @20.15. This is a Buy Stop order right above the resistance zone. | An exit @19.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.09 points, which is 5.41%. | When investing 18.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.73
+0.21 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.08%
1 Week-2.04%
2 Weeks6.3%
1 Month10.84%
3 Month-2.86%
6 Month-12.81%
12 Month29.04%
2 Year-23.82%
3 Year198.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%3.03%
ATR Inc-6.52%
Range Today0.18
ADR(20)0.39
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.12
Mansfield-0.69
10 Day High20.58
10 Day Low19.07
20 Day High20.58
20 Day Low17.39
52 Week High27.71
52 Week Low12.51
CS1 End18.71
CR1 Start19.89
Volume & EV
DER(3)-0.01%
DER(5)0.11%
Volume276.70K
Volume Incr-45.7%
Vol(5)358.30K
Vol(50)627.45K