MIDDLEFIELD BANC CORP (MBCN) Stock Technical Analysis
NASDAQ:MBCN - Nasdaq - US5963042040 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MBCN. MBCN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, MBCN is a bad performer in the overall market: 66% of all stocks are doing better.
MBCN is one of the lesser performing stocks in the Banks industry. 75% of 393 stocks in the same industry do better.
In the last month MBCN has a been trading in the 26.63 - 32.49 range, which is quite wide. It is currently trading near the lows of this range.
Warning: MBCN has an average volume of 8662 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
MBCN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MBCN is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MBCN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.68, a Stop Loss order could be placed below this zone.
More info and screens
24.92
32.91
We found 3 important support areas.
- A support zone ranging from 27.68 to 27.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.07 to 27.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.17 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 28.43 to 28.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.53 to 29.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.59 to 32.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.58 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for MBCN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MBCN is down. |
| ChartMill Relative Strength | 34.02 | NEUTRAL | MBCN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MBCN is below a declining 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) | DOWN | NEGATIVE | The current price of MBCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.78 | NEUTRAL | The RSI value for MBCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MBCN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.63 | NEUTRAL | The Stochastics value for MBCN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MBCN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.2 | NEGATIVE | The low ADX value for MBCN suggests a weak or negative trend. |
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)
28.17
-0.82 (-2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.83%
1 Week-4.67%
2 Weeks3.38%
1 Month-8.03%
3 Month-3.13%
6 Month14.65%
12 Month2.51%
2 Year8.64%
3 Year4.29%
5 Year48.26%
10 Year76.23%
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%3.5%
ATR Inc-28.13%
Range Today0.08
ADR(20)0.69
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.02
Mansfield-0.78
10 Day High30.31
10 Day Low27.08
20 Day High32.49
20 Day Low26.63
52 Week High34
52 Week Low22.74
CS1 End27.68
CR1 Start28.43
Volume & EV
DER(3)-9.28%
DER(5)1.35%
Volume3.10K
Volume Incr-42.18%
Vol(5)4.42K
Vol(50)8.66K