MERCHANTS BANCORP/IN (MBIN)
US58844R1086 - Common Stock
We assign a technical rating of 9 out of 10 to MBIN. MBIN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that MBIN is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, MBIN also shows a nice and consistent pattern of rising prices.
MBIN is part of the Financial Services industry. There are 102 other stocks in this industry. MBIN outperforms 95% of them.
MBIN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MBIN is performing more or less in line with the market.
In the last month MBIN has a been trading in the 37.03 - 46.16 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MBIN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.12
46.33
7 important support areas can be observed.
- Support @45.84 from a horizontal line in the daily time frame.
- A support zone ranging from 40.92 to 41.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.83 to 40.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.75 to 39.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.16 from a trend line in the weekly time frame.
- Support @23.07 from a horizontal line in the weekly time frame.
- Support @22.34 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.49
Mansfield2.36
10 Day High46.16
10 Day Low38.47
20 Day High46.16
20 Day Low37.03
52 Week High48.68
52 Week Low22.18
Performance
1 Week17.49%
2 Weeks17.16%
1 Month10.85%
3 Month11.44%
6 Month47.02%
12 Month95.86%
2 Year79.95%
3 Year60.2%
5 Year278.05%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.7
RSI(14)70.92
LBB35.92
UBB44.39
MERCHANTS BANCORP/IN
NASDAQ:MBIN (5/3/2024, 7:04:55 PM)
After market: 45.87 0 (0%)45.87
+2.85 (+6.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg6.62%
1 Week17.49%
2 Weeks17.16%
1 Month10.85%
3 Month11.44%
6 Month47.02%
12 Month95.86%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.51
ATR(20)%3.1%
ATR Inc
Range Today1.89
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High46.16
10 Day Low38.47
20 Day High46.16
20 Day Low37.03
52 Week High48.68
52 Week Low22.18
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume210.70K
Volume Incr133.69%
Vol(5)252.50K
Vol(50)134.02K