MID PENN BANCORP INC (MPB) Stock Technical Analysis
NASDAQ:MPB - US59540G1076 - Common Stock
30.11 USD
-0.03 (-0.1%)
30.11 USD
0 (0%)
We assign a technical rating of 6 out of 10 to MPB. MPB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, MPB turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
MPB is an average performer in the Banks industry, it outperforms 45% of 395 stocks in the same industry.
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.
In the last month MPB has a been trading in the 26.61 - 30.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MPB has an average technical rating and it also 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
22.23
31.17
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.53 to 28.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.66 from a trend line in the daily time frame.
- A support zone ranging from 25.96 to 26.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.45 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.12 to 30.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.86 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 MPB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MPB is neutral. |
| ChartMill Relative Strength | 62.26 | NEUTRAL | MPB is not amongst the best or worst performers 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 | MIXED | The current price of MPB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.81 | NEUTRAL | The RSI value for MPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MPB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.84 | OVERBOUGHT | The high Stochastics value suggests MPB may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MPB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.69 | 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)
30.11
-0.03 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.1%
1 Week1.62%
2 Weeks6.13%
1 Month12.52%
3 Month13.49%
6 Month11.81%
12 Month5.21%
2 Year49.58%
3 Year4.8%
5 Year73.95%
10 Year85.29%
15 Year336.38%
Volatility
ATR(14)0.64
ATR(20)%2.03%
ATR Inc105.8%
Range Today2.09
ADR(20)0.59
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.26
Mansfield-0.3
10 Day High30.42
10 Day Low28.08
20 Day High30.42
20 Day Low26.61
52 Week High33.87
52 Week Low22.5
CS1 End28.7
CR1 Start30.12
Volume & EV
DER(3)0.21%
DER(5)1.79%
Volume93.10K
Volume Incr-21.21%
Vol(5)79.94K
Vol(50)111.13K