MID PENN BANCORP INC (MPB) Stock Technical Analysis
NASDAQ:MPB - Nasdaq - US59540G1076 - Common Stock - Currency: USD
Overall MPB gets a technical rating of 6 out of 10. In the past year, MPB was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
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.
MPB is one of the better performing stocks in the Banks industry, it outperforms 73% of 395 stocks in the same industry.
In the last month MPB has a been trading in the 25.82 - 28.09 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that MPB is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MPB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MPB is lagging the market.
MPB 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. There is a resistance zone just above the current price starting at 28.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.39, a Stop Loss order could be placed below this zone.
More info and screens
21.85
29.56
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.59 to 27.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.43 from a trend line in the weekly time frame.
- A support zone ranging from 24.01 to 24.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.07 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.08 to 28.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.27 to 29.27. 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 MPB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MPB is up. |
| ChartMill Relative Strength | 81.15 | POSITIVE | MPB has a high relative strength, it outperformed 81.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MPB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MPB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MPB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.77 | NEUTRAL | The RSI value for MPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MPB has a positive trend. |
| Stochastics (14,3) | 84.15 | OVERBOUGHT | The high Stochastics value suggests MPB may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for MPB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.5 | NEUTRAL | The ADX value for MPB suggests a possible start of a new 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 |
|---|---|---|---|
| 28.18 | 26.01 | 2.17 (7.70%) | 12.99% |
| An entry @28.18. This is a Buy Stop order right above the resistance zone. | An exit @26.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.17 points, which is 7.70%. | For a 1.00% total portfolio risk, you can invest 12.99% 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.
27.93
+0.33 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.2%
1 Week4.61%
2 Weeks3.83%
1 Month3.94%
3 Month8.76%
6 Month-3.39%
12 Month27.24%
2 Year26.49%
3 Year3.56%
5 Year51.55%
10 Year80.43%
15 Year205.58%
Volatility
ATR(14)0.64
ATR(20)%2.12%
ATR Inc-13.65%
Range Today0.65
ADR(20)0.57
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.15
Mansfield-0.72
10 Day High28.09
10 Day Low26.02
20 Day High28.09
20 Day Low25.82
52 Week High33.87
52 Week Low21.11
CS1 End27.39
CR1 Start28.08
Volume & EV
DER(3)-2.39%
DER(5)0%
Volume92.60K
Volume Incr61.26%
Vol(5)105.82K
Vol(50)100.84K