General Finance Corporation ($GFNSL) Takes On Mitcham Industries, Inc. ($MINDP)

2019-08-20 | Welcome! Today we compared how two different stocks in the Diversified Commercial Services industry are trading: General Finance Corporation and Mitcham Industries, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, General Finance Corporation opened at 26.3789, got to a maximum price of 26.4 and dropped to as low as 26.1001 before finishing the session at 26.16. In total there were 5232 shares traded, which is enough to conduct our analysis. Compare that now to Mitcham Industries, Inc., which opened at 23.69, had a high of 23.762, a low of 23.49, closed at 23.61 and had a total volume of 4400.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator General Finance Corporation Mitcham Industries, Inc.
Accumulation-distribution index 1434.95659 321.35873
on-balance volume nan -23.69
chaikin money flow

27.42654 6.55556
force index

nan 0.013
ease of movement rating

nan 7e-05
volume-price trend

nan -0.73438
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator General Finance Corporation Mitcham Industries, Inc.
Average true range nan 0.15527
Bolinger bands nan 23.69113
Upper bollinger band nan 23.06887
Lower bollinger band

26.1001 23.49
Bollinger high band indicator

nan 1.0
Bollinger high low indicator

nan 1.0
Central keltner channel

26.293 23.64733
High band keltner channel

26.2719 23.57533
Low band keltner channel

26.3141 23.71933
High band keltner channel indicator

nan 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

26.1001 23.49
Donchain channel low band

26.1001 23.49
Donchain channel high band indicator

nan 1.0
Donchain channel low band indicator

nan 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator General Finance Corporation Mitcham Industries, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.00494
MACD signal nan -0.00274
MACD difference nan -0.00219
fast Exponential Moving Average (EMA) indicator

26.1001 23.49
slow Exponential Moving Average (EMA) indicator

26.1001 23.49
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

unknown 20.0
ADX negative

unknown 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

nan 1.50579

nan -2.10781
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

nan -66.66667
Detrended Price Oscillator (DPO)

nan 0.75626
KST Oscillator (KST)

nan -31.19071
KST Oscillator (KST Signal)

nan -31.19071
KST difference

nan -2.26839
Ichimoku rating

26.38945 23.726
Ichimoku B rating

26.38945 23.726
Ichimoku visual trend A

26.38945 24.37025
Ichimoku visual trend B

26.38945 24.17918
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

nan -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator General Finance Corporation Mitcham Industries, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.0 33.47442
True Strength Index (TSI) nan -100.0
ultimate oscillator

nan -56.16841
stochastic oscillator

1421.32701 377.77778
stochastic oscillator signal

1421.32701 377.77778
Williams %R rating

1321.32701 277.77778
awesome oscillator

nan 0.00433

RETURNS: That’s all for technical analysis. Now let’s just list the returns for General Finance Corporation and Mitcham Industries, Inc..

Daily return nan -3.11907
Daily log return nan -0.94098
Cumulative return nan -0.93657

So there you have it: our deep, grueling analysis comparing General Finance Corporation and Mitcham Industries, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s General Finance Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether GFNSL is strong or weak. Again – this is not a reliable indication of whether General Finance Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Mitcham Industries, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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