Miniso - Buy Signals On A Chinese Retailer

black and silver laptop computer

Photo by Tech Daily on Unsplash

The Chart of the Day belongs to the Chinese retailer Miniso (MNSO). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on  11/ 3 the stock gained 163.46%.

MNSO Price vs Daily Moving Averages

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle and pop toy products in the People's Republic of China and other countries in Asia, the Americas, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand. As of June 30, 2022, it operated through a network of approximately 5,200 MINISO stores; 97 TOP TOY stores; and online sales channels. The company was founded in 2013 and is headquartered in Guangzhou, China.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 65.00+Weighted Alpha
  • 72.30% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 16.18% in the last month
  • Relative Strength Index  69.41%
  • Recently traded at $16.73 with 50 day moving average of $13.15

Fundamental Factors:

  • Market Cap $ 5.00 billion
  • P/E 33.98
  • Revenue expected to grow by 16.90% this year and another 24.00% next year
  • Earnings estimated to increase 84.80% this year, an additional 23.00% next year, and continue to increase at an annual rate of 5.85% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts have 5 strong buy and 5 buy opinions in place on this stock
  • Analysts have price targets from $6.37 to $19.74
  • 2,190 investors monitor the stock on Seeking Alpha

More By This Author:

Terex - 100% Technical Buy Signals
Donnelly Financial Solutions - Technical Buy
Chuy's - Try A Little Tex-Mex

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.