MIDWESTONE FINANCIAL GROUP I (MOFG) Stock Technical Analysis
NASDAQ:MOFG • US5985111039
We assign a technical rating of 10 out of 10 to MOFG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MOFG is showing a nice and steady performance.
- 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 88% of all stocks.
- MOFG is one of the better performing stocks in the Banks industry, it outperforms 95% of 379 stocks in the same industry.
- A new 52 week high is currently being made by MOFG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MOFG has a been trading in the 40.53 - 49.69 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.
MOFG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
27.01
6 important support areas can be observed.
- A support zone ranging from 48.00 to 48.09. 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 43.78 to 43.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.60 from a horizontal line in the daily time frame.
- Support @29.38 from a trend line in the weekly time frame.
- Support @28.49 from a trend line in the daily time frame.
- Support @27.28 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 | 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 | 88.77 | POSITIVE | MOFG has a high relative strength, it outperformed 88.77% 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) | 74.93 | OVERBOUGHT | The high RSI value suggests MOFG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MOFG has a positive trend. |
| Stochastics (14,3) | 81.85 | OVERBOUGHT | The high Stochastics value suggests MOFG may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for MOFG suggests some volalility. |
| Average Directional Index/ADX (14) | 38.42 | POSITIVE | The high ADX value value for MOFG suggests a strong trend. |
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 |
|---|---|---|---|
| 49.70 | 47.99 | 1.71 (3.44%) | 25.00% |
| An entry @49.70. This is a Buy Stop order right above the 10 day high. | An exit @47.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.71 points, which is 3.44%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MOFG. Please evaluate whether better entry and exit points can be found.
- 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.
49.31
+1.13 (+2.35%)
MIDWESTONE FINANCIAL GROUP I / MOFG FAQ
Can you provide the ChartMill technical rating for MIDWESTONE FINANCIAL GROUP I?
ChartMill assigns a technical rating of 10 / 10 to MOFG.
What is the current trend direction of MIDWESTONE FINANCIAL GROUP I (MOFG) stock?
The current trend direction for MIDWESTONE FINANCIAL GROUP I (MOFG) is Bullish.
What is the RSI signal for MIDWESTONE FINANCIAL GROUP I (MOFG) stock?
MIDWESTONE FINANCIAL GROUP I (MOFG) has an RSI value of 74.9319. This indicates that the stock is currently overbought.
What is the MACD signal for MIDWESTONE FINANCIAL GROUP I (MOFG) stock?
The MACD indicator for MIDWESTONE FINANCIAL GROUP I (MOFG) has a value of 0.0518835, indicating a bearish trend.
What is the support and resistance level for MOFG stock?
MIDWESTONE FINANCIAL GROUP I (MOFG) has a support level at 48.09. Check the full technical report for our detailed analysis of MOFG support and resistance levels.