MITSUBISHI UFJ FINL-SPON ADR (MUFG) Stock Technical Analysis
NYSE:MUFG - New York Stock Exchange, Inc. - US6068221042 - ADR - Currency: USD
We assign a technical rating of 8 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 13.34 - 14.20 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
MUFG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MUFG is performing more or less in line with the market.
MUFG has an average volume of 6771330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MUFG did better than 80% of all other stocks. However, we also see that MUFG couldn't keep up this performance in the last couple of months.
MUFG is part of the Banks industry. There are 395 other stocks in this industry, MUFG did better than 69% of them.
Considerably lower volume is observed in the last couple of days.
MUFG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.37, a Stop Loss order could be placed below this zone.
More info and screens
11.00
14.00
4 important support areas can be observed.
- A support zone ranging from 13.17 to 13.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.23 from a horizontal line in the daily time frame.
- Support @11.50 from a trend line in the weekly time frame.
- Support @11.11 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.67 to 13.86. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for MUFG is neutral. |
| ChartMill Relative Strength | 80.64 | POSITIVE | MUFG has a high relative strength, it outperformed 80.64% 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 | 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) | 47.3 | NEUTRAL | The RSI value for MUFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MUFG has a negative trend. |
| Stochastics (14,3) | 18.44 | OVERSOLD | The low Stochastics value suggests MUFG may be oversold. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for MUFG suggests low volalility. |
| Average Directional Index/ADX (14) | 20.68 | NEUTRAL | The ADX value for MUFG suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.68 | 13.35 | 0.33 (2.41%) | 25.00% |
| An entry @13.68. This is a Buy Stop order right above the 10 day moving average. | An exit @13.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.33 points, which is 2.41%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MUFG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.38
-0.26 (-1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.91%
1 Week-1.47%
2 Weeks-3.67%
1 Month-2.69%
3 Month-10.68%
6 Month17.57%
12 Month38.08%
2 Year81.55%
3 Year150.56%
5 Year240.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%2%
ATR Inc-12.17%
Range Today0.24
ADR(20)0.2
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.64
Mansfield0.87
10 Day High13.93
10 Day Low13.36
20 Day High14.2
20 Day Low13.34
52 Week High15.03
52 Week Low8.75
CS1 End13.37
CR1 Start13.67
Volume & EV
DER(3)-2.13%
DER(5)-0.2%
Volume3.86M
Volume Incr-44.58%
Vol(5)3.62M
Vol(50)6.77M