MITSUBISHI UFJ FINL-SPON ADR (MUFG) Stock Technical Analysis
USA - NYSE:MUFG - US6068221042 - ADR
15.89 USD
-0.05 (-0.31%)
15.8 USD
-0.09 (-0.57%)
Overall MUFG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MUFG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MUFG is one of the better performing stocks in the market, outperforming 88% 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 392 other stocks in this industry. MUFG outperforms 95% of them.
MUFG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MUFG has a been trading in the 14.86 - 16.23 range, which is quite wide. It is currently trading near the high of this range.
MUFG has an average volume of 3387040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, MUFG also presents 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 15.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MUFG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.27
16.21
5 important support areas can be observed.
- A support zone ranging from 15.59 to 15.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.78 to 15.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.38 from a horizontal line in the daily time frame.
- Support @12.13 from a trend line in the weekly time frame.
- Support @11.38 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.90 to 16.05. 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 | UP | POSITIVE | The short term trend for MUFG is up. |
| ChartMill Relative Strength | 88.53 | POSITIVE | MUFG has a high relative strength, it outperformed 88.53% 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) | 60.85 | NEUTRAL | The RSI value for MUFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MUFG has a negative trend. |
| Stochastics (14,3) | 69.78 | NEUTRAL | The Stochastics value for MUFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for MUFG suggests low volalility. |
| Average Directional Index/ADX (14) | 22.15 | 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 |
|---|---|---|---|
| 16.06 | 15.58 | 0.48 (2.99%) | 25.00% |
| An entry @16.06. This is a Buy Stop order right above the resistance zone. | An exit @15.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.48 points, which is 2.99%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
15.89
-0.05 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.31%
1 Week1.73%
2 Weeks1.53%
1 Month3.99%
3 Month14.4%
6 Month13.66%
12 Month56.86%
2 Year87.16%
3 Year253.11%
5 Year296.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%1.45%
ATR Inc-41.49%
Range Today0.15
ADR(20)0.16
ADR(20)%1.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.53
Mansfield1.12
10 Day High16.24
10 Day Low15.46
20 Day High16.24
20 Day Low14.86
52 Week High16.24
52 Week Low9.85
CS1 End15.87
CR1 Start15.9
Volume & EV
DER(3)5.43%
DER(5)6.97%
Volume1.68M
Volume Incr-36.43%
Vol(5)2.11M
Vol(50)3.39M