MERCHANTS BANCORP/IN (MBIN) Stock Technical Analysis
USA - NASDAQ:MBIN - US58844R1086 - Common Stock
32.05 USD
-0.01 (-0.03%)
32.69 USD
+0.64 (+2%)
Taking everything into account, MBIN scores 0 out of 10 in our technical rating. MBIN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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: 88% of all stocks are doing better.
MBIN is part of the Financial Services industry. There are 100 other stocks in this industry, of which 80% are performing better than MBIN.
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 31.16 - 33.52 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MBIN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
29.76
36.37
We found 2 important support areas.
- A support zone ranging from 31.69 to 32.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @30.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.07 to 33.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.86 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 | 12.84 | NEGATIVE | MBIN has a low relative strength, it was outperformed by 87.16% 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) | 48.61 | NEUTRAL | The RSI value for MBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MBIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.52 | NEUTRAL | The Stochastics value for MBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 8.19 | 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)
32.05
-0.01 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.03%
1 Week-0.53%
2 Weeks-1.81%
1 Month-1.51%
3 Month-4.04%
6 Month-13.47%
12 Month-28.01%
2 Year15.62%
3 Year38.93%
5 Year143.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%2.83%
ATR Inc-24.14%
Range Today0.87
ADR(20)0.88
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.84
Mansfield-2.04
10 Day High33.05
10 Day Low31.17
20 Day High33.53
20 Day Low31.17
52 Week High46.78
52 Week Low27.25
CS1 End32.04
CR1 Start32.07
Volume & EV
DER(3)2.73%
DER(5)1.15%
Volume123.60K
Volume Incr-40.48%
Vol(5)114.70K
Vol(50)182.21K