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Stock Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA)
Long-Term Downtrend (-90) - MHUA is in a strong downtrend that is likely to continue. While MHUA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MHUA?
MarketClub looks at technical strength and momentum to determine if the timing is right for MHUA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MHUA
The long-term trend has been DOWN since Mar 28th, 2023 at 6.8100
The intermediate-term trend has been DOWN since Apr 3rd, 2024 at 0.6903
The short-term trend has been DOWN since May 3rd, 2024 at 0.6557
Smart Scan Analysis for MHUA
Based on our trend formula, MHUA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6905 | 0.7020 | 0.6456 | 0.6491 | -0.0414 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6827 | 26136 | 2024-05-03 15:31:39 |
| 52wk High | 5.16 | 52wk High Date | 2023-05-16 |
| 52wk Low | 0.601 | 52wk Low Date | 2024-04-16 |
| Average Volume | 30,172 | Shares Outstanding | 25,000 |
| P/E Ratio | 8.1905 |