Mackinac Financial (MFNC) Stock Technical Analysis
NASDAQ:MFNC - Nasdaq -
We assign a technical rating of 10 out of 10 to MFNC. Both in the recent history as in the last year, MFNC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MFNC did better than 88% of all other stocks. On top of that, MFNC also shows a nice and consistent pattern of rising prices.
MFNC is part of the Banks industry. There are 405 other stocks in this industry. MFNC outperforms 90% of them.
MFNC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MFNC has a been trading in the 20.50 - 21.78 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
MFNC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.92. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
17.01
22.24
We found 3 important support areas.
- A support zone ranging from 19.58 to 19.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.25 from a horizontal line in the daily time frame.
- Support @17.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.92 to 22.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.99
Mansfield2
10 Day High21.78
10 Day Low20.82
20 Day High21.78
20 Day Low20.5
52 Week High22.19
52 Week Low9.03
Performance
1 Week0.33%
2 Weeks1.42%
1 Month3.32%
3 Month0.33%
6 Month47.36%
12 Month109.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)63.09
LBB20.78
UBB21.61
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 |
|---|---|---|---|
| 22.03 | 20.81 | 1.22 (5.54%) | 18.06% |
| An entry @22.03. This is a Buy Stop order right above the resistance zone. | An exit @20.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.22 points, which is 5.54%. | For a 1.00% total portfolio risk, you can invest 18.06% of your capital in this trade. |
- 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.
NASDAQ:MFNC (9/3/2021, 9:01:12 PM)
21.5
+0.12 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.56%
1 Week0.33%
2 Weeks1.42%
1 Month3.32%
3 Month0.33%
6 Month47.36%
12 Month109.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%1.79%
ATR Inc30.98%
Range Today0.71
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.99
Mansfield2
10 Day High21.78
10 Day Low20.82
20 Day High21.78
20 Day Low20.5
52 Week High22.19
52 Week Low9.03
CS1 End19.77
CR1 Start21.92
Volume & EV
DER(3)-4.08%
DER(5)-3.51%
Volume194.20K
Volume Incr120.39%
Vol(5)46.92K
Vol(50)55.54K