MITSUBISHI UFJ FINL-SPON ADR (MUFG) Stock Technical Analysis
USA - NYSE:MUFG - US6068221042 - ADR
15 USD
-0.11 (-0.73%)
15.11 USD
+0.11 (+0.73%)
We assign a technical rating of 7 out of 10 to MUFG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month MUFG has a been trading in the 14.62 - 16.23 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that MUFG is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, MUFG also shows a nice and consistent pattern of rising prices.
MUFG is one of the better performing stocks in the Banks industry, it outperforms 94% of 391 stocks in the same industry.
MUFG 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 MUFG is lagging the market slightly.
MUFG has an average volume of 3183800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although MUFG has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
12.14
16.22
When analyzing the support we can see 3 important areas.
- Support @14.77 from a trend line in the daily time frame.
- A support zone ranging from 13.28 to 13.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.90 to 16.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for MUFG is down. |
| ChartMill Relative Strength | 85.4 | POSITIVE | MUFG has a high relative strength, it outperformed 85.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MUFG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MUFG is below 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) | 43.16 | NEUTRAL | The RSI value for MUFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MUFG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.29 | NEUTRAL | The Stochastics value for MUFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for MUFG suggests low volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for MUFG suggests a weak or negative 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)
15
-0.11 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.73%
1 Week2.6%
2 Weeks-4.82%
1 Month-5.36%
3 Month12.87%
6 Month26.37%
12 Month36.49%
2 Year78.57%
3 Year218.47%
5 Year280.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%1.82%
ATR Inc-30.03%
Range Today0.13
ADR(20)0.18
ADR(20)%1.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.4
Mansfield0.28
10 Day High15.58
10 Day Low14.62
20 Day High16.24
20 Day Low14.62
52 Week High16.24
52 Week Low10.15
CS1 End14.77
CR1 Start15.9
Volume & EV
DER(3)3.72%
DER(5)4.18%
Volume4.97M
Volume Incr18.06%
Vol(5)3.38M
Vol(50)3.18M