The Hourly View for MUFG
Currently, MUFG (Get Ratings)’s price is up $0.01 (0.18%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as MUFG has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
MUFG’s Technical Outlook on the Daily Chart
Currently, MUFG’s price is up $0.03 (0.64%) from the day prior. This is the 3rd day in a row MUFG has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows MUFG’s price action over the past 90 days.
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