Taking everything into account, MBIN scores 8 out of 10 in our technical rating. Although MBIN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although MBIN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
29.76
We found 3 important support areas.
- A support zone ranging from 32.33 to 33.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.46 from a horizontal line in the daily time frame.
- A support zone ranging from 30.06 to 30.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 35.79 to 36.81. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 52.61 | NEUTRAL | MBIN is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MBIN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.89 | NEUTRAL | The RSI value for MBIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MBIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.83 | NEUTRAL | The Stochastics value for MBIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for MBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 38.98 | POSITIVE | The high ADX value value for MBIN suggests a strong trend. |
35.11
-1.32 (-3.62%)
MERCHANTS BANCORP/IN / MBIN FAQ
What is the technical rating for MBIN stock?
ChartMill assigns a technical rating of 8 / 10 to MBIN.
What is the current trend direction of MERCHANTS BANCORP/IN (MBIN) stock?
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 56.8945. 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 0.084514, indicating a bearish trend.
What is the short term momentum for MERCHANTS BANCORP/IN (MBIN) stock?
The short term momentum for MERCHANTS BANCORP/IN (MBIN) is positive.