MIZUHO FIN. GROUP - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 3.06 USD
My targets
3.12 USD (+0.65%)
3.17 USD (+2.26%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MIZUHO FIN. GROUP as long as the price remains well above 3.06 USD. The buyers” bullish objective is set at 3.12 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.17 USD. If there is any crossing, the next objective would be the resistance located at 3.27 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.3
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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
The MIZUHO FIN. GROUP rating is 3.10 USD. The price registered an increase of +0.00% on the session and was traded between 3.07 USD and 3.10 USD over the period. The price is currently at +0.98% from its lowest and 0% from its highest.3.07
3.10
3.10
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MIZUHO FIN. GROUP:
Technical
A technical analysis in Daily of this MIZUHO FIN. GROUP chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.84 | 2.93 | 3.06 | 3.10 | 3.12 | 3.17 | 3.27 |
| Change (%) | -8.39% | -5.48% | -1.29% | - | +0.65% | +2.26% | +5.48% |
| Change | -0.26 | -0.17 | -0.04 | - | +0.02 | +0.07 | +0.17 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
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 | 3.02 | 3.04 | 3.07 | 3.09 | 3.12 | 3.14 | 3.17 |
| Camarilla | 3.09 | 3.09 | 3.10 | 3.10 | 3.11 | 3.11 | 3.11 |
| Woodie | 3.03 | 3.04 | 3.08 | 3.09 | 3.13 | 3.14 | 3.18 |
| Fibonacci | 3.04 | 3.06 | 3.07 | 3.09 | 3.11 | 3.12 | 3.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.93 | 2.97 | 3.01 | 3.05 | 3.09 | 3.13 | 3.17 |
| Camarilla | 3.03 | 3.04 | 3.04 | 3.05 | 3.06 | 3.07 | 3.07 |
| Woodie | 2.93 | 2.97 | 3.01 | 3.05 | 3.09 | 3.13 | 3.17 |
| Fibonacci | 2.97 | 3.00 | 3.02 | 3.05 | 3.08 | 3.10 | 3.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.65 | 2.78 | 2.93 | 3.06 | 3.21 | 3.34 | 3.49 |
| Camarilla | 2.99 | 3.02 | 3.04 | 3.07 | 3.10 | 3.12 | 3.15 |
| Woodie | 2.65 | 2.79 | 2.93 | 3.07 | 3.21 | 3.35 | 3.49 |
| Fibonacci | 2.78 | 2.89 | 2.96 | 3.06 | 3.17 | 3.24 | 3.34 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.60 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 1.18 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 3.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.01 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 3.11 | |
| Zig ZAG (10): | 3.10 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 88.38 | |
| TEMA (21): | 3.07 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 2.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.75 |
| MA7: | 3.08 | |
| MA20: | 3.06 | |
| MA50: | 3.04 | |
| MA100: | 2.95 | |
| MAexp7: | 3.08 | |
| MAexp20: | 3.07 | |
| MAexp50: | 3.04 | |
| MAexp100: | 3.02 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +1.31% | |
| Price / MA50: | +1.97% | |
| Price / MA100: | +5.08% | |
| Price / MAexp7: | +0.65% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +1.97% | |
| Price / MAexp100: | +2.65% |
News
The latest news and videos published on MIZUHO FIN. GROUP at the time of the analysis were as follows:
- IBM and Keio University Announce Collaborations with JSR, MUFG Bank, Mizuho Financial Group and Mitsubishi Chemical to Accelerate Quantum Computing in Japan
- IBM and Keio University Announce Collaborations with JSR, MUFG Bank, Mizuho Financial Group and Mitsubishi Chemical to Accelerate Quantum Computing in Japan
- IBM and Keio University Announce Collaborations with JSR, MUFG Bank, Mizuho Financial Group and Mitsubishi Chemical to Accelerate Quantum Computing in Japan
- Mizuho Financial Group, Mizuho Bank and IBM Japan Building Trade Financial Platform Using Blockchain
- Mizuho Financial Group Partners with Cognizant to Develop a Distributed Ledger Solution for More Efficient and Secure Trade Finance
This member declared not having a position on this financial instrument or a related financial instrument.
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