MIDWESTONE FINANCIAL GROUP I (MOFG) Stock Technical Analysis
NASDAQ:MOFG - Nasdaq - US5985111039 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to MOFG. MOFG 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MOFG is one of the better performing stocks in the market, outperforming 76% of all stocks.
MOFG 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.
MOFG is an average performer in the Banks industry, it outperforms 54% of 397 stocks in the same industry.
MOFG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MOFG is lagging the market.
MOFG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.99, a Stop Loss order could be placed below this zone.
More info and screens
25.14
34.04
We found 4 important support areas.
- A support zone ranging from 28.54 to 28.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.95 from a trend line in the daily time frame.
- Support @26.93 from a trend line in the weekly time frame.
- A support zone ranging from 25.39 to 25.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.84 to 30.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @31.51 from a trend line in the daily time frame.
- A resistance zone ranging from 33.49 to 33.70. 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 MOFG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MOFG is up. |
| ChartMill Relative Strength | 76.96 | POSITIVE | MOFG has a high relative strength, it outperformed 76.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MOFG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MOFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MOFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.01 | NEUTRAL | The RSI value for MOFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MOFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.29 | NEUTRAL | The Stochastics value for MOFG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MOFG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for MOFG suggests a weak or negative trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.60 | 28.53 | 2.07 (6.76%) | 14.78% |
| An entry @30.60. This is a Buy Stop order right above the resistance zone. | An exit @28.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.07 points, which is 6.76%. | For a 1.00% total portfolio risk, you can invest 14.78% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
29.68
-0.47 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.56%
1 Week-3.29%
2 Weeks4.4%
1 Month0.78%
3 Month16.9%
6 Month7.42%
12 Month21.69%
2 Year20.99%
3 Year-4.9%
5 Year64.16%
10 Year-8.37%
15 Year98%
Volatility
ATR(14)0.79
ATR(20)%3.04%
ATR Inc-18.23%
Range Today0.37
ADR(20)0.89
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.96
Mansfield-0.61
10 Day High30.93
10 Day Low28.44
20 Day High30.93
20 Day Low27.12
52 Week High34.56
52 Week Low24.62
CS1 End28.99
CR1 Start29.84
Volume & EV
DER(3)-4.1%
DER(5)-2.26%
Volume143.10K
Volume Incr-41.9%
Vol(5)106.76K
Vol(50)129.95K