Taking everything into account, QFIN scores 1 out of 10 in our technical rating. QFIN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, QFIN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.28, a Stop Loss order could be placed below this zone.
More info and screens
17.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.74 to 19.28. 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 18.02 to 18.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.74 to 19.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.94 from a trend 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 | DOWN | NEGATIVE | The long term trend for QFIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QFIN is down. |
| ChartMill Relative Strength | 7.24 | NEGATIVE | QFIN has a low relative strength, it was outperformed by 92.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QFIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QFIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QFIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.78 | NEUTRAL | The RSI value for QFIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests QFIN has a positive trend. |
| Stochastics (14,3) | 40.93 | NEUTRAL | The Stochastics value for QFIN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for QFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.22 | NEGATIVE | The low ADX value for QFIN suggests a weak or negative trend. |
19.45
+0.46 (+2.42%)
QFIN HOLDINGS INC-ADR / QFIN FAQ
What is the technical rating for QFIN stock?
ChartMill assigns a technical rating of 1 / 10 to QFIN.
What is the trend direction for QFIN stock?
The current trend direction for QFIN HOLDINGS INC-ADR (QFIN) is Bearish.
Can you provide the RSI signal for QFIN HOLDINGS INC-ADR?
QFIN HOLDINGS INC-ADR (QFIN) has an RSI value of 43.7769. This indicates that the stock is currently neutral.
What is the buy/sell signal for QFIN stock?
The buy/sell signal for QFIN HOLDINGS INC-ADR (QFIN) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for QFIN HOLDINGS INC-ADR (QFIN) stock?
QFIN HOLDINGS INC-ADR (QFIN) has a support level at 19.28 and a resistance level at 19.74. Check the full technical report for our detailed analysis of QFIN support and resistance levels.