QIFU TECHNOLOGY INC (QFIN) Stock Technical Analysis
NASDAQ:QFIN - Nasdaq - US88557W1018 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to QFIN. Both in the recent history as in the last year, QFIN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that QFIN is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, QFIN also shows a nice and consistent pattern of rising prices.
QFIN is part of the Consumer Finance industry. There are 52 other stocks in this industry. QFIN outperforms 86% of them.
QFIN 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 QFIN is performing more or less in line with the market.
QFIN has an average volume of 2264710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month QFIN has a been trading in the 39.66 - 47.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, QFIN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 42.50, a Stop Loss order could be placed below this zone.
More info and screens
35.73
48.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 42.10 to 42.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.04 to 37.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.09 to 36.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 45.44 to 45.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.13 from a horizontal line in the daily time frame.
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 QFIN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QFIN is neutral. |
| ChartMill Relative Strength | 96.4 | POSITIVE | QFIN has a high relative strength, it outperformed 96.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QFIN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QFIN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QFIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.79 | NEUTRAL | The RSI value for QFIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests QFIN has a negative trend. |
| Stochastics (14,3) | 30.84 | NEUTRAL | The Stochastics value for QFIN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for QFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.71 | NEGATIVE | The low ADX value for QFIN 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)
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 |
|---|---|---|---|
| 45.67 | 42.04 | 3.63 (7.95%) | 12.58% |
| An entry @45.67. This is a Buy Stop order right above the resistance zone. | An exit @42.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.63 points, which is 7.95%. | When investing 12.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
42.96
+0.45 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg1.06%
1 Week-2.83%
2 Weeks-0.09%
1 Month4.47%
3 Month2.43%
6 Month24.41%
12 Month114.91%
2 Year209.16%
3 Year170.25%
5 Year322.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.96
ATR(20)%4.34%
ATR Inc-17.81%
Range Today1.89
ADR(20)1.7
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.4
Mansfield2.81
10 Day High47
10 Day Low41.7
20 Day High47
20 Day Low39.66
52 Week High48.94
52 Week Low18.13
CS1 End42.5
CR1 Start45.44
Volume & EV
DER(3)-1.3%
DER(5)0.15%
Volume1.67M
Volume Incr49.98%
Vol(5)2.11M
Vol(50)2.26M