MERCHANTS BANCORP/IN (MBIN) Stock Technical Analysis
NASDAQ:MBIN • US58844R1086
Overall MBIN gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MBIN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- MBIN is part of the Financial Services industry. There are 98 other stocks in this industry. MBIN outperforms 92% of them.
- MBIN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MBIN is lagging the market slightly.
- MBIN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, MBIN did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, MBIN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
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31.08
When analyzing the support we can see 5 important areas.
- A support zone ranging from 45.04 to 45.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.43 from a trend line in the daily time frame.
- Support @33.74 from a trend line in the weekly time frame.
- Support @32.95 from a horizontal line in the daily time frame.
- A support zone ranging from 31.39 to 31.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.64 to 47.64. 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 | UP | POSITIVE | The long term trend for MBIN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MBIN is up. |
| ChartMill Relative Strength | 82.29 | POSITIVE | MBIN has a high relative strength, it outperformed 82.29% 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 | POSITIVE | The current price of MBIN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MBIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.34 | NEUTRAL | The RSI value for MBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MBIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.02 | NEUTRAL | The Stochastics value for MBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for MBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 41.3 | POSITIVE | The high ADX value value for MBIN suggests a strong trend. |
45.33
+0.28 (+0.62%)
MERCHANTS BANCORP/IN / MBIN FAQ
What is the technical rating for MBIN stock?
ChartMill assigns a technical rating of 9 / 10 to MBIN.
Can you provide the trend direction for MERCHANTS BANCORP/IN?
The current trend direction for MERCHANTS BANCORP/IN (MBIN) is Bullish.
What is the RSI signal for MERCHANTS BANCORP/IN (MBIN) stock?
MERCHANTS BANCORP/IN (MBIN) has an RSI value of 65.3448. This indicates that the stock is currently neutral.
What is the MACD signal for MERCHANTS BANCORP/IN (MBIN) stock?
The MACD indicator for MERCHANTS BANCORP/IN (MBIN) has a value of 0.0208252, indicating a bearish trend.
What is the buy/sell signal for MBIN stock?
The buy/sell signal for MERCHANTS BANCORP/IN (MBIN) is buy as both the short term and long term trends are positive.