QIFU TECHNOLOGY INC (QFIN) Stock Technical Analysis
NASDAQ:QFIN - Nasdaq - US88557W1018 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to QFIN. In the last year, QFIN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, QFIN did better than 94% of all other 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 74% of them.
QFIN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QFIN is lagging the market slightly.
In the last month QFIN has a been trading in the 40.81 - 46.18 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
QFIN has an average volume of 1300260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, QFIN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 41.09, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
35.73
48.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 40.37 to 41.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.60 from a trend line in the daily time frame.
- Support @37.83 from a trend line in the weekly time frame.
- Support @36.09 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 43.35 to 43.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 45.34 to 46.05. 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 | 94.11 | POSITIVE | QFIN has a high relative strength, it outperformed 94.11% 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) | 49.38 | 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) | 28.37 | NEUTRAL | The Stochastics value for QFIN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for QFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.96 | 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 |
|---|---|---|---|
| 43.43 | 42.01 | 1.42 (3.27%) | 25.00% |
| An entry @43.43. This is a Buy Stop order right above the resistance zone. | An exit @42.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.42 points, which is 3.27%. | For a 0.82% 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 QFIN. 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.
43.09
+0.26 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg0.61%
1 Week-0.05%
2 Weeks-3.8%
1 Month3.46%
3 Month18.48%
6 Month19.4%
12 Month110.71%
2 Year115.88%
3 Year196.76%
5 Year210.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.45
ATR(20)%3.25%
ATR Inc20.04%
Range Today1.21
ADR(20)1.37
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.11
Mansfield1.13
10 Day High45.05
10 Day Low42.02
20 Day High46.18
20 Day Low40.81
52 Week High48.94
52 Week Low18.13
CS1 End41.09
CR1 Start43.35
Volume & EV
DER(3)-1.7%
DER(5)-1.39%
Volume802.60K
Volume Incr19.9%
Vol(5)1.35M
Vol(50)1.30M