MERCHANTS BANCORP/IN (MBIN) Technical Analysis
NASDAQ:MBIN • US58844R1086
Current stock price
MBIN Technical Rating and Analysis
Taking everything into account, MBIN scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MBIN did better than 89% of all other stocks.
- MBIN is one of the better performing stocks in the Financial Services industry, it outperforms 93% of 99 stocks in the same industry.
- MBIN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MBIN has a been trading in the 41.30 - 50.26 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
MBIN Weekly and Daily overview Charts
MBIN Setup Rating and Analysis
Although MBIN has an excellent technical rating, it does not present a decent entry opportunity 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
MBIN Support and Resistance Analysis
40.16
When analyzing the support we can see 3 important areas.
- Support @46.85 from a horizontal line in the daily time frame.
- A support zone ranging from 43.53 to 44.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.57 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.44 to 49.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
MBIN Technical Indicator Signal Analysis
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 | 89.01 | POSITIVE | MBIN has a high relative strength, it outperformed 89.01% 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) | 72.28 | OVERBOUGHT | The high RSI value suggests MBIN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests MBIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.36 | OVERBOUGHT | The high Stochastics value suggests MBIN may be overbought. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for MBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.77 | NEGATIVE | The low ADX value for MBIN suggests a weak or negative trend. |
MBIN Chart- and CandleStick Pattern Analysis
MBIN Technicals: Chart, Performance Metrics, Trend & Indicators
49.43
+0.05 (+0.1%)
MERCHANTS BANCORP/IN / MBIN TA FAQ
What is the technical rating for MBIN stock?
ChartMill assigns a technical rating of 10 / 10 to MBIN.
Can you provide the trend direction for MERCHANTS BANCORP/IN?
The current trend direction for MERCHANTS BANCORP/IN (MBIN) is Bullish.
Can you provide the RSI signal for MERCHANTS BANCORP/IN?
MERCHANTS BANCORP/IN (MBIN) has an RSI value of 72.2846. This indicates that the stock is currently overbought.
What is the MACD signal for MBIN stock?
The MACD indicator for MERCHANTS BANCORP/IN (MBIN) has a value of 0.319088, indicating a bearish trend.
What is the support and resistance level for MBIN stock?
MERCHANTS BANCORP/IN (MBIN) has a support level at 46.85 and a resistance level at 49.44. Check the full technical report for our detailed analysis of MBIN support and resistance levels.