Mizuho Financial Technical Analysis (NYSE:MFG)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Mizuho Financial stock price data and volume are plotted in MFG stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Mizuho Financial. Technical analysis uses an approach for Mizuho Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Mizuho Financial Moving Average
Moving averages show the average price of MFG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $3.36 is below the last closing price of $3.38 and the 50 day moving average of $3.48 is above the last closing price of $3.38. The 10 and 20 day periods can predict short term moving average trends.
Mizuho Financial Bollinger Bands
Bollinger bands comprise of a center line usually MFG SMA, and two MFG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Mizuho Financial bollinger bands show that the stock price is $3.38, upper band is 3.4, lower band is 3.32, and the average is 3.36.
Mizuho Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Mizuho Financial MACD line is below the signal line.
Mizuho Financial Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of MFG stock is 47.83.