MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Technical Analysis
NYSE:MNSO - US66981J1025 - ADR
24.52 USD
+0.15 (+0.62%)
24.53 USD
+0.01 (+0.04%)
Taking everything into account, MNSO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MNSO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MNSO did better than 90% of all other stocks.
MNSO is part of the Broadline Retail industry. There are 28 other stocks in this industry. MNSO outperforms 85% of them.
MNSO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MNSO is lagging the market slightly.
In the last month MNSO has a been trading in the 19.48 - 26.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 very little resistance above the current price.
More info and screens
15.10
24.77
We found 5 important support areas.
- A support zone ranging from 24.37 to 24.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.12 to 21.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.96 from a trend line in the daily time frame.
- Support @17.21 from a horizontal line in the daily time frame.
- Support @15.25 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 | UP | POSITIVE | The long term trend for MNSO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNSO is up. |
| ChartMill Relative Strength | 90.1 | POSITIVE | MNSO has a high relative strength, it outperformed 90.1% 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 | POSITIVE | The current price of MNSO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.7 | NEUTRAL | The RSI value for MNSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MNSO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.38 | NEUTRAL | The Stochastics value for MNSO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MNSO suggests some volalility. |
| Average Directional Index/ADX (14) | 35.15 | POSITIVE | The high ADX value value for MNSO suggests a strong 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 |
|---|---|---|---|
| 25.12 | 24.36 | 0.76 (3.01%) | 25.00% |
| An entry @25.12. This is a Buy Stop order right above the 10 day moving average. | An exit @24.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.76 points, which is 3.01%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MNSO. Please evaluate whether better entry and exit points can be found.
- 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.
24.52
+0.15 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.62%
1 Week-0.24%
2 Weeks10.6%
1 Month20.2%
3 Month36.22%
6 Month23.28%
12 Month52.58%
2 Year-5.33%
3 Year346.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%3.83%
ATR Inc-48.72%
Range Today0.29
ADR(20)0.61
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.1
Mansfield1.3
10 Day High26.74
10 Day Low23.96
20 Day High26.74
20 Day Low19.48
52 Week High27.71
52 Week Low12.51
CS1 End24.51
CR1 StartN/A
Volume & EV
DER(3)-5.88%
DER(5)-4.91%
Volume624.40K
Volume Incr-38.58%
Vol(5)799.60K
Vol(50)915.26K