QIFU TECHNOLOGY INC (QFIN) Stock Technical Analysis
NASDAQ:QFIN - Nasdaq - US88557W1018 - ADR - Currency: USD
Taking everything into account, QFIN scores 5 out of 10 in our technical rating. QFIN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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 80% 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 1814100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month QFIN has a been trading in the 40.05 - 45.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QFIN has only a medium technical rating, but it does show 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 support zone below the current price at 41.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QFIN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
35.73
46.52
When analyzing the support we can see 5 important areas.
- A support zone ranging from 40.37 to 41.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.82 from a trend line in the weekly time frame.
- Support @38.10 from a trend line in the daily time frame.
- Support @37.00 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 41.81 to 42.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @44.63 from a trend line in the daily time frame.
- A resistance zone ranging from 45.44 to 46.06. 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 QFIN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QFIN is down. |
| ChartMill Relative Strength | 94.79 | POSITIVE | QFIN has a high relative strength, it outperformed 94.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QFIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of QFIN is above a declining 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) | 47.06 | NEUTRAL | The RSI value for QFIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests QFIN has a negative trend. |
| Stochastics (14,3) | 50.23 | NEUTRAL | The Stochastics value for QFIN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for QFIN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.67 | 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)
41.69
-0.31 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-0.74%
1 Week-1.43%
2 Weeks1.44%
1 Month-5.7%
3 Month-3.47%
6 Month7.31%
12 Month107.41%
2 Year141.26%
3 Year140.98%
5 Year289.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%3.3%
ATR Inc-15.92%
Range Today1
ADR(20)1.34
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.79
Mansfield1.75
10 Day High43.38
10 Day Low40.05
20 Day High45.08
20 Day Low40.05
52 Week High48.94
52 Week Low18.13
CS1 End41.45
CR1 Start41.81
Volume & EV
DER(3)3.18%
DER(5)-0.13%
Volume2.04M
Volume Incr-15.94%
Vol(5)1.25M
Vol(50)1.81M