MIDWESTONE FINANCIAL GROUP I (MOFG) Stock Technical Analysis
NASDAQ:MOFG - Nasdaq - US5985111039 - Common Stock - Currency: USD
Overall MOFG gets a technical rating of 4 out of 10. Although MOFG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MOFG is one of the better performing stocks in the Banks industry, it outperforms 73% of 396 stocks in the same industry.
In the last month MOFG has a been trading in the 27.91 - 30.13 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that MOFG is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MOFG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MOFG is lagging the market slightly.
MOFG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
21.38
33.82
We found 4 important support areas.
- A support zone ranging from 28.40 to 28.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @26.22 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.
- Support @21.60 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 28.76 to 29.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.55 to 30.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.34 from a trend line in the daily time frame.
- Resistance @33.49 from a horizontal line in the daily time frame.
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 MOFG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MOFG is neutral. |
| ChartMill Relative Strength | 84.56 | POSITIVE | MOFG has a high relative strength, it outperformed 84.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MOFG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MOFG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MOFG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.58 | NEUTRAL | The RSI value for MOFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MOFG has a negative trend. |
| Stochastics (14,3) | 41.14 | NEUTRAL | The Stochastics value for MOFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for MOFG suggests some volalility. |
| Average Directional Index/ADX (14) | 9.98 | 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)
28.75
-0.13 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.45%
1 Week0.95%
2 Weeks-3.56%
1 Month2.61%
3 Month-5.58%
6 Month-12.75%
12 Month34.28%
2 Year52.28%
3 Year-5.52%
5 Year49.82%
10 Year-1.41%
15 Year71.95%
Volatility
ATR(14)0.78
ATR(20)%2.94%
ATR Inc-62.61%
Range Today0.42
ADR(20)0.81
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.56
Mansfield-0.2
10 Day High29.94
10 Day Low27.91
20 Day High30.13
20 Day Low27.91
52 Week High34.56
52 Week Low20.04
CS1 End28.7
CR1 Start28.76
Volume & EV
DER(3)-0.34%
DER(5)-1.05%
Volume120.20K
Volume Incr12.77%
Vol(5)102.06K
Vol(50)104.72K