MITSUBISHI UFJ FINL GROUP INC (MTU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTU - US6068221042
Taking everything into account, MTU scores 0 out of 10 in our technical rating. MTU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MTU has a bad technical rating, but it does show a decent setup pattern. 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.
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6.07
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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. |
NYSE:MTU (3/29/2018, 11:02:38 PM)
6.64
+0.02 (+0.3%)
MITSUBISHI UFJ FINL GROUP INC / MTU FAQ
What is the technical rating for MTU stock?
ChartMill assigns a technical rating of 0 / 10 to MTU.
What is the trend direction for MTU stock?
The current trend direction for MITSUBISHI UFJ FINL GROUP INC (MTU) is Bearish.
What is the RSI signal for MTU stock?
MITSUBISHI UFJ FINL GROUP INC (MTU) has an RSI value of 39.2238. This indicates that the stock is currently neutral.
What is the MACD signal for MTU stock?
The MACD indicator for MITSUBISHI UFJ FINL GROUP INC (MTU) has a value of 0.00789225, indicating a bearish trend.
Can you provide the support and resistance levels for MITSUBISHI UFJ FINL GROUP INC?
MITSUBISHI UFJ FINL GROUP INC (MTU) has a support level at 6.45 and a resistance level at 7. Check the full technical report for our detailed analysis of MTU support and resistance levels.