MERCHANTS BANCORP/IN (MBIN) Stock Technical Analysis
NASDAQ:MBIN - Nasdaq - US58844R1086 - Common Stock - Currency: USD
Taking everything into account, MBIN scores 1 out of 10 in our technical rating. MBIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
85% 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 101 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 28.75 - 35.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MBIN is bad and it also does not present a 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
28.89
36.37
2 important support areas can be observed.
- Support @30.06 from a horizontal line in the daily time frame.
- A support zone ranging from 29.18 to 29.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @33.38 from a trend line in the weekly time frame.
- Resistance @34.16 from a trend line in the daily time frame.
- Resistance @34.76 from a trend line in the weekly 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 | 15.36 | NEGATIVE | MBIN has a low relative strength, it was outperformed by 84.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MBIN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MBIN is above 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) | 53.3 | NEUTRAL | The RSI value for MBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests MBIN has a positive trend. |
| Stochastics (14,3) | 62.43 | NEUTRAL | The Stochastics value for MBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for MBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.28 | NEUTRAL | The ADX value for MBIN suggests a possible start of a new 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)
33
-0.13 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.39%
1 Week9.74%
2 Weeks12.63%
1 Month-6.14%
3 Month-1.11%
6 Month-23.59%
12 Month-24.42%
2 Year13.13%
3 Year22.36%
5 Year142.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%3.57%
ATR Inc-29.63%
Range Today0.79
ADR(20)1.08
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.36
Mansfield-2.05
10 Day High33.24
10 Day Low28.75
20 Day High35.9
20 Day Low28.75
52 Week High47.94
52 Week Low27.25
CS1 End30.06
CR1 Start33.38
Volume & EV
DER(3)2.8%
DER(5)3.16%
Volume127.50K
Volume Incr-33.92%
Vol(5)135.52K
Vol(50)197.89K