MITSUBISHI UFJ FINL-SPON ADR (MUFG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MUFG • US6068221042
Taking everything into account, MUFG 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, MUFG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MUFG is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by MUFG over the past year are nicely spread over this period.
- MUFG is part of the Banks industry. There are 381 other stocks in this industry. MUFG outperforms 91% of them.
- A new 52 week high is currently being made by MUFG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MUFG has a been trading in the 16.70 - 19.16 range, which is quite wide. It is currently trading near the high of this range.
- MUFG has an average volume of 3641610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MUFG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.82
7 important support areas can be observed.
- A support zone ranging from 17.85 to 18.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.79 to 17.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.50 from a trend line in the weekly time frame.
- A support zone ranging from 15.87 to 15.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @15.61 from a horizontal line in the daily time frame.
- Support @15.01 from a horizontal line in the daily time frame.
- Support @12.95 from a trend 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 MUFG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MUFG is up. |
| ChartMill Relative Strength | 90.08 | POSITIVE | MUFG has a high relative strength, it outperformed 90.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MUFG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MUFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MUFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.34 | OVERBOUGHT | The high RSI value suggests MUFG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MUFG has a positive trend. |
| Stochastics (14,3) | 70.43 | NEUTRAL | The Stochastics value for MUFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for MUFG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.81 | POSITIVE | The high ADX value value for MUFG suggests a strong trend. |
19.14
+0.89 (+4.88%)
MITSUBISHI UFJ FINL-SPON ADR / MUFG FAQ
What is the technical rating for MUFG stock?
ChartMill assigns a technical rating of 10 / 10 to MUFG.
What is the current trend direction of MITSUBISHI UFJ FINL-SPON ADR (MUFG) stock?
The current trend direction for MITSUBISHI UFJ FINL-SPON ADR (MUFG) is Bullish.
What is the RSI signal for MITSUBISHI UFJ FINL-SPON ADR (MUFG) stock?
MITSUBISHI UFJ FINL-SPON ADR (MUFG) has an RSI value of 70.3381. This indicates that the stock is currently overbought.
What is the MACD signal for MITSUBISHI UFJ FINL-SPON ADR (MUFG) stock?
The MACD indicator for MITSUBISHI UFJ FINL-SPON ADR (MUFG) has a value of 0.00511707, indicating a bearish trend.
Can you provide the buy/sell signal for MITSUBISHI UFJ FINL-SPON ADR?
The buy/sell signal for MITSUBISHI UFJ FINL-SPON ADR (MUFG) is buy as both the short term and long term trends are positive.