MITSUBISHI UFJ FINL-SPON ADR (MUFG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MUFG - US6068221042 - ADR
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.
Besides having an excellent technical rating, MUFG 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 resistance zone just above the current price starting at 16.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.94, a Stop Loss order could be placed below this zone.
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12.48
4 important support areas can be observed.
- A support zone ranging from 15.27 to 15.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.01 from a horizontal line in the daily time frame.
- A support zone ranging from 14.61 to 14.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.28 to 16.28. 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 | 82.78 | POSITIVE | MUFG has a high relative strength, it outperformed 82.78% 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) | 57.45 | NEUTRAL | The RSI value for MUFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MUFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.19 | NEUTRAL | The Stochastics value for MUFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for MUFG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.05 | 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 |
|---|---|---|---|
| 16.29 | 15.36 | 0.93 (5.71%) | 17.52% |
| An entry @16.29. This is a Buy Stop order right above the resistance zone. | An exit @15.36. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.93 points, which is 5.71%. | For a 1.00% total portfolio risk, you can invest 17.52% 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.
16.01
+0.01 (+0.06%)
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 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 57.4547. 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 positive.
What is the support and resistance level for MUFG stock?
MITSUBISHI UFJ FINL-SPON ADR (MUFG) has a support level at 15.94 and a resistance level at 16.28. Check the full technical report for our detailed analysis of MUFG support and resistance levels.