MSW Technical Analysis - MING SHING GROUP HOLDINGS LT

Technical Rating and Analysis

Overall MSW gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MSW was also a bad performer in the overall market in the last year.

100% of all other stocks performed better in the past year than MSW.

MSW is one of the lesser performing stocks in the Construction & Engineering industry. 74% of 52 stocks in the same industry do better.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

In the last month MSW has a been trading in the 1.80 - 3.15 range, which is quite wide. It is currently trading near the high of this range.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MING SHING GROUP HOLDINGS LT / MSW Weekly stock chart

MING SHING GROUP HOLDINGS LT / MSW Daily stock chart

Setup Rating and Analysis

The technical rating of MSW is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.58

3.39

When analyzing the support we notice one important area.

Support @2.61 from a trend line in the daily time frame.

We can see 2 important resistance areas.

Resistance @2.96 from a horizontal line in the daily time frame.
Resistance @3.36 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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 MSW is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MSW is up.
ChartMill Relative Strength	0	NEGATIVE	MSW has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MSW is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MSW is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MSW is below a declining SMA(200).
Relative Strength Index/RSI (14)	63.75	NEUTRAL	The RSI value for MSW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests MSW has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78.95	NEUTRAL	The Stochastics value for MSW is a neutral value.
Average True Range in percent/ATR (20)	8.19	HIGH VOLATILITY	The high ATR as a percentage value for MSW suggests high volalility.
Average Directional Index/ADX (14)	29.63	POSITIVE	The high ADX value value for MSW suggests a strong trend.