MITSUBISHI UFJ FIN. GROUP - Daily - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 5.19 USD
My targets
5.29 USD (+1.15%)
5.38 USD (+2.87%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MITSUBISHI UFJ FIN. GROUP as long as the price remains well above 5.19 USD. The buyers” bullish objective is set at 5.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.38 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MITSUBISHI UFJ FIN. GROUP rating 5.23 USD. The price registered a decrease of -0.19% on the session with the lowest point at 5.20 USD and the highest point at 5.24 USD. The deviation from the price is +0.58% for the low point and -0.19% for the high point.5.20
5.24
5.23
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MITSUBISHI UFJ FIN. GROUP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.78 | 4.97 | 5.19 | 5.23 | 5.29 | 5.38 |
| Change (%) | -8.60% | -4.97% | -0.76% | - | +1.15% | +2.87% |
| Change | -0.45 | -0.26 | -0.04 | - | +0.06 | +0.15 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.17 | 5.20 | 5.22 | 5.25 | 5.27 | 5.30 | 5.32 |
| Camarilla | 5.23 | 5.23 | 5.24 | 5.24 | 5.25 | 5.25 | 5.25 |
| Woodie | 5.17 | 5.20 | 5.22 | 5.25 | 5.27 | 5.30 | 5.32 |
| Fibonacci | 5.20 | 5.22 | 5.23 | 5.25 | 5.27 | 5.28 | 5.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.08 | 5.13 | 5.19 | 5.24 | 5.29 | 5.35 | 5.40 |
| Camarilla | 5.21 | 5.22 | 5.23 | 5.24 | 5.25 | 5.26 | 5.27 |
| Woodie | 5.08 | 5.13 | 5.19 | 5.24 | 5.29 | 5.35 | 5.40 |
| Fibonacci | 5.13 | 5.17 | 5.20 | 5.24 | 5.28 | 5.30 | 5.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.27 | 4.45 | 4.63 | 4.81 | 4.99 | 5.17 | 5.35 |
| Camarilla | 4.72 | 4.75 | 4.79 | 4.82 | 4.85 | 4.89 | 4.92 |
| Woodie | 4.28 | 4.45 | 4.64 | 4.81 | 5.00 | 5.17 | 5.36 |
| Fibonacci | 4.45 | 4.58 | 4.67 | 4.81 | 4.94 | 5.03 | 5.17 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.84 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 19.21 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 5.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.16 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 5.03 | |
| Zig ZAG (10): | 5.22 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 86.33 | |
| TEMA (21): | 5.30 | |
| Williams %R (14): | -17.00 | |
| Chande Momentum Oscillator (20): | 0.32 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 18.64 |
| MA7: | 5.24 | |
| MA20: | 5.02 | |
| MA50: | 4.89 | |
| MA100: | 4.80 | |
| MAexp7: | 5.21 | |
| MAexp20: | 5.08 | |
| MAexp50: | 4.94 | |
| MAexp100: | 4.92 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | +4.18% | |
| Price / MA50: | +6.95% | |
| Price / MA100: | +8.96% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +2.95% | |
| Price / MAexp50: | +5.87% | |
| Price / MAexp100: | +6.30% |
News
Don"t forget to follow the news on MITSUBISHI UFJ FIN. GROUP. At the time of publication of this analysis, the latest news was as follows:
- Roger Blissett Joins MUFG as Head of Government Affairs Office
- MUFG Claims No. 1 Ranking as 2017's Top Lead Arranger for Clean-Energy and Energy-Smart Technologies' Financings
- MUFG Strengthens Investment Grade Debt Capital Markets Business In the Americas with Hire of Robert Danziger
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Mitsubishi UFJ Financial Group, Inc. - MTU
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Mitsubishi UFJ Financial Group, Inc. - MTU
This member declared not having a position on this financial instrument or a related financial instrument.
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