MITSUBISHI UFJ FINL GROUP INC (MTU) Stock Technical Analysis
NYSE:MTU - New York Stock Exchange, Inc. - US6068221042
We assign a technical rating of 0 out of 10 to MTU. MTU'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
63% of all other stocks performed better in the past year than MTU.
MTU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MTU has an average volume of 1722920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MTU 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 MTU is lagging the market slightly.
Although the technical rating is bad, MTU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.45, a Stop Loss order could be placed below this zone.
More info and screens
6.07
7.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.44 to 6.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.13 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.00 to 7.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.41 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 | DOWN | NEGATIVE | The long term trend for MTU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTU is down. |
| ChartMill Relative Strength | 37.56 | NEUTRAL | MTU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.22 | NEUTRAL | The RSI value for MTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MTU has a positive trend. |
| Stochastics (14,3) | 35.29 | NEUTRAL | The Stochastics value for MTU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for MTU suggests low volalility. |
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)
NYSE:MTU (3/29/2018, 11:02:38 PM)
6.64
+0.02 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.3%
1 Week1.22%
2 Weeks-2.64%
1 Month-2.92%
3 Month-8.67%
6 Month3.11%
12 Month4.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%1.84%
ATR Inc-9.88%
Range Today0.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.56
Mansfield-0.4
10 Day High6.83
10 Day Low6.44
20 Day High7.01
20 Day Low6.44
52 Week High8.11
52 Week Low5.94
CS1 End6.45
CR1 Start7
Volume & EV
DER(3)1.99%
DER(5)1.9%
Volume989.40K
Volume Incr26.48%
Vol(5)1.82M
Vol(50)1.72M