MERCHANTS BANCORP/IN (MBIN) Stock Technical Analysis
NASDAQ:MBIN - US58844R1086 - Common Stock
32.82 USD
-0.14 (-0.42%)
32.82 USD
0 (0%)
We assign a technical rating of 3 out of 10 to MBIN. Recently some decent action could be observed, but in the medium term time frame this is still negative. MBIN was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
86% of all other stocks performed better in the past year than MBIN.
MBIN is one of the lesser performing stocks in the Financial Services industry. 80% of 102 stocks in the same industry do better.
MBIN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MBIN has a been trading in the 29.92 - 33.64 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
MBIN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.06. Right above this resistance zone may be a good entry point.
More info and screens
28.89
36.37
We found 3 important support areas.
- A support zone ranging from 32.37 to 32.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.06 from a horizontal line in the daily time frame.
- A support zone ranging from 29.18 to 29.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 33.06 to 33.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @33.79 from a trend line in the weekly time frame.
- Resistance @34.44 from a trend line in the daily time frame.
- A resistance zone ranging from 35.65 to 36.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for MBIN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MBIN is neutral. |
| ChartMill Relative Strength | 14.52 | NEGATIVE | MBIN has a low relative strength, it was outperformed by 85.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MBIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MBIN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MBIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.41 | NEUTRAL | The RSI value for MBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MBIN has a positive trend. |
| Stochastics (14,3) | 53.05 | NEUTRAL | The Stochastics value for MBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.75 | NEGATIVE | The low ADX value for MBIN 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)
32.82
-0.14 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.42%
1 Week0.86%
2 Weeks3.57%
1 Month9.15%
3 Month1.02%
6 Month-15.15%
12 Month-24.34%
2 Year18.4%
3 Year42.26%
5 Year149.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%3.04%
ATR Inc22.98%
Range Today1.07
ADR(20)0.98
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.52
Mansfield-1.89
10 Day High33.64
10 Day Low31.51
20 Day High33.64
20 Day Low29.92
52 Week High47.42
52 Week Low27.25
CS1 End32.8
CR1 Start33.06
Volume & EV
DER(3)0.81%
DER(5)-0.22%
Volume164.30K
Volume Incr-31.32%
Vol(5)149.16K
Vol(50)214.80K