Taking everything into account, MBIN scores 7 out of 10 in our technical rating. In the last year, MBIN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although MBIN has an excellent technical rating, it does not offer a high quality setup 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
29.76
5 important support areas can be observed.
- A support zone ranging from 34.22 to 34.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 32.17 to 32.30. 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 30.64 to 30.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.06 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.97 to 35.97. 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 | NEUTRAL | NEUTRAL | The long term trend for MBIN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MBIN is up. |
| ChartMill Relative Strength | 50.19 | 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) | 74.42 | OVERBOUGHT | The high RSI value suggests MBIN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests MBIN has a positive trend. |
| Stochastics (14,3) | 92.29 | OVERBOUGHT | The high Stochastics value suggests MBIN may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for MBIN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.4 | POSITIVE | The high ADX value value for MBIN suggests a strong trend. |
35.96
+0.34 (+0.95%)
MERCHANTS BANCORP/IN / MBIN FAQ
What is the technical rating for MBIN stock?
ChartMill assigns a technical rating of 7 / 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 Bearish.
What is the RSI signal for MERCHANTS BANCORP/IN (MBIN) stock?
MERCHANTS BANCORP/IN (MBIN) has an RSI value of 74.4211. This indicates that the stock is currently overbought.
What is the MACD signal for MERCHANTS BANCORP/IN (MBIN) stock?
The MACD indicator for MERCHANTS BANCORP/IN (MBIN) has a value of 0.345781, 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.