MITSUBISHI UFJ FINL-SPON ADR (MUFG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MUFG - US6068221042 - ADR
Overall MUFG gets a technical rating of 8 out of 10. 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.
Besides having an excellent technical rating, MUFG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 15.19, a Stop Loss order could be placed below this zone.
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12.36
We found 3 important support areas.
- A support zone ranging from 15.01 to 15.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.28 to 13.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.29 to 15.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for MUFG is neutral. |
| ChartMill Relative Strength | 82.41 | POSITIVE | MUFG has a high relative strength, it outperformed 82.41% 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) | DOWN | NEGATIVE | The current price of MUFG is below a declining 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) | 49.47 | NEUTRAL | The RSI value for MUFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MUFG has a negative trend. |
| Stochastics (14,3) | 22.17 | NEUTRAL | The Stochastics value for MUFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for MUFG suggests low volalility. |
| Average Directional Index/ADX (14) | 9.56 | NEGATIVE | The low ADX value for MUFG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 15.35 | 15.00 | 0.35 (2.28%) | 25.00% |
| An entry @15.35. This is a Buy Stop order right above the resistance zone. | An exit @15.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.35 points, which is 2.28%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- 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.
15.2
+0.32 (+2.15%)
MITSUBISHI UFJ FINL-SPON ADR / MUFG FAQ
What is the technical rating for MUFG stock?
ChartMill assigns a technical rating of 8 / 10 to MUFG.
What is the trend direction for MUFG stock?
The current trend direction for MITSUBISHI UFJ FINL-SPON ADR (MUFG) is Bullish.
Can you provide the RSI signal for MITSUBISHI UFJ FINL-SPON ADR?
MITSUBISHI UFJ FINL-SPON ADR (MUFG) has an RSI value of 49.4675. This indicates that the stock is currently neutral.
What is the short term momentum for MITSUBISHI UFJ FINL-SPON ADR (MUFG) stock?
The short term momentum for MITSUBISHI UFJ FINL-SPON ADR (MUFG) is neutral.
What is the support and resistance level for MUFG stock?
MITSUBISHI UFJ FINL-SPON ADR (MUFG) has a support level at 15.19 and a resistance level at 15.29. Check the full technical report for our detailed analysis of MUFG support and resistance levels.