MERCHANTS BANCORP/IN (MBIN) Stock Technical Analysis
NASDAQ:MBIN - Nasdaq - US58844R1086 - Common Stock - Currency: USD
Overall MBIN gets a technical rating of 0 out of 10. 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 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.
When comparing the yearly performance of all stocks, MBIN is a bad performer in the overall market: 85% of all stocks are doing better.
MBIN is one of the lesser performing stocks in the Financial Services industry. 80% of 99 stocks in the same industry do better.
MBIN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MBIN is lagging the market.
In the last month MBIN has a been trading in the 30.70 - 33.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MBIN has a poor technical rating and the quality of the setup is also only medium 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
29.76
40.71
2 important support areas can be observed.
- Support @31.26 from a horizontal line in the weekly time frame.
- Support @30.06 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @31.46 from a horizontal line in the daily time frame.
- A resistance zone ranging from 32.09 to 32.56. 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 33.34 to 33.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.68 from a trend line in the weekly time frame.
- Resistance @40.31 from a trend line in the daily 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 | 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 | 15.58 | NEGATIVE | MBIN has a low relative strength, it was outperformed by 84.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MBIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MBIN is below a declining 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) | 42.36 | NEUTRAL | The RSI value for MBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MBIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.25 | NEUTRAL | The Stochastics value for MBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for MBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.84 | 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)
31.27
-1.15 (-3.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-3.55%
1 Week-3.75%
2 Weeks-2.34%
1 Month-5.98%
3 Month-17.49%
6 Month-18.74%
12 Month-19.94%
2 Year22.24%
3 Year37.94%
5 Year153.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%2.95%
ATR Inc22.25%
Range Today0.77
ADR(20)0.85
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.58
Mansfield-2.4
10 Day High33.45
10 Day Low31.11
20 Day High33.68
20 Day Low30.7
52 Week High53.27
52 Week Low27.25
CS1 End31.26
CR1 Start31.46
Volume & EV
DER(3)-1.73%
DER(5)-1.65%
Volume147.90K
Volume Incr-3.11%
Vol(5)134.26K
Vol(50)169.16K