MIDDLEFIELD BANC CORP (MBCN) Technical Analysis
NASDAQ:MBCN • US5963042040
Current stock price
33.67 USD
-1.25 (-3.58%)
At close:
33.67 USD
0 (0%)
After Hours:
MBCN Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MBCN. MBCN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month MBCN has a been trading in the 33.08 - 35.83 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, MBCN did better than 72% of all other stocks. On top of that, MBCN also shows a nice and consistent pattern of rising prices.
- MBCN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MBCN is performing more or less in line with the market.
- MBCN is part of the Banks industry. There are 381 other stocks in this industry, MBCN did better than 68% of them.
- Volume is considerably higher in the last couple of days.
MBCN Weekly and Daily overview Charts
MBCN Setup Rating and Analysis
MBCN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MBCN Support and Resistance Analysis
26.79
37.93
When analyzing the support we can see 4 important areas.
- Support @33.53 from a horizontal line in the weekly time frame.
- A support zone ranging from 32.46 to 32.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @29.87 from a trend line in the weekly time frame.
- Support @27.06 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.38 to 34.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.55 from a horizontal line in the daily time frame.
MBCN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MBCN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MBCN is neutral. |
| ChartMill Relative Strength | 72.2 | POSITIVE | MBCN has a high relative strength, it outperformed 72.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MBCN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MBCN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MBCN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.09 | NEUTRAL | The RSI value for MBCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MBCN has a negative trend. |
| Stochastics (14,3) | 37.09 | NEUTRAL | The Stochastics value for MBCN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MBCN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.06 | NEGATIVE | The low ADX value for MBCN suggests a weak or negative trend. |
MBCN Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
MBCN Technicals: Chart, Performance Metrics, Trend & Indicators
33.67
-1.25 (-3.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.58%
1 Week-4.29%
2 Weeks-3.02%
1 Month1.32%
3 Month-3.25%
6 Month9.67%
12 Month25.63%
2 Year37.2%
3 Year19.23%
5 Year50.51%
10 Year103.44%
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%2.46%
ATR Inc50.44%
Range Today1.44
ADR(20)0.79
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.2
3 months CRS35.92
6 months CRS76.32
Mansfield0.08
10 Day High35.28
10 Day Low33.12
20 Day High35.83
20 Day Low33.08
52 Week High37.67
52 Week Low22.74
CS1 End33.53
CR1 Start34.38
Volume & EV
DER(3)1.63%
DER(5)-0.22%
Volume188.20K
Volume Incr20.9%
Vol(5)67.50K
Vol(50)36.87K
MIDDLEFIELD BANC CORP / MBCN TA FAQ
What is the technical rating for MBCN stock?
ChartMill assigns a technical rating of 6 / 10 to MBCN.
What is the trend direction for MBCN stock?
The current trend direction for MIDDLEFIELD BANC CORP (MBCN) is Bullish.
What is the RSI signal for MIDDLEFIELD BANC CORP (MBCN) stock?
MIDDLEFIELD BANC CORP (MBCN) has an RSI value of 43.0941. This indicates that the stock is currently neutral.
What is the short term momentum for MIDDLEFIELD BANC CORP (MBCN) stock?
The short term momentum for MIDDLEFIELD BANC CORP (MBCN) is neutral.