MIZUHO FINANCIAL GROUP-ADR (MFG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MFG - US60687Y1091 - ADR
Taking everything into account, MFG 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, MFG is showing a nice and steady performance.
Although MFG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.65
We found 3 important support areas.
- A support zone ranging from 6.56 to 6.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.44 from a horizontal line in the daily time frame.
- Support @4.70 from a trend line in the weekly 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 MFG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFG is up. |
| ChartMill Relative Strength | 88.96 | POSITIVE | MFG has a high relative strength, it outperformed 88.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.38 | NEUTRAL | The RSI value for MFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MFG has a negative trend. |
| Stochastics (14,3) | 39.51 | NEUTRAL | The Stochastics value for MFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for MFG suggests low volalility. |
| Average Directional Index/ADX (14) | 26.63 | POSITIVE | The high ADX value value for MFG suggests a strong trend. |
7.26
+0.03 (+0.41%)
MIZUHO FINANCIAL GROUP-ADR / MFG FAQ
What is the technical rating for MFG stock?
ChartMill assigns a technical rating of 10 / 10 to MFG.
What is the trend direction for MFG stock?
The current trend direction for MIZUHO FINANCIAL GROUP-ADR (MFG) is Bullish.
Can you provide the RSI signal for MIZUHO FINANCIAL GROUP-ADR?
MIZUHO FINANCIAL GROUP-ADR (MFG) has an RSI value of 56.384. This indicates that the stock is currently neutral.
What is the short term momentum for MFG stock?
The short term momentum for MIZUHO FINANCIAL GROUP-ADR (MFG) is positive.
Can you provide the buy/sell signal for MIZUHO FINANCIAL GROUP-ADR?
The buy/sell signal for MIZUHO FINANCIAL GROUP-ADR (MFG) is buy as both the short term and long term trends are positive.