MID PENN BANCORP INC (MPB) Technical Analysis
NASDAQ:MPB • US59540G1076
Taking everything into account, MPB scores 4 out of 10 in our technical rating. In the last year, MPB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month MPB has a been trading in the 30.09 - 34.67 range, which is quite wide. It is currently trading near the lows 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 70% of all stocks. On top of that, MPB also shows a nice and consistent pattern of rising prices.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- MPB is part of the Banks industry. There are 381 other stocks in this industry, MPB did better than 69% of them.
- MPB 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 MPB is lagging the market slightly.
MPB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 29.09, a Stop Loss order could be placed below this zone.
More info and screens
25.99
We found 4 important support areas.
- A support zone ranging from 28.67 to 29.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.59 from a trend line in the daily time frame.
- A support zone ranging from 26.74 to 26.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.25 to 26.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 34.62 to 34.62. 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 | DOWN | NEGATIVE | The short term trend for MPB is down. |
| ChartMill Relative Strength | 70.92 | POSITIVE | MPB has a high relative strength, it outperformed 70.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MPB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MPB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MPB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.25 | NEUTRAL | The RSI value for MPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests MPB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.62 | NEUTRAL | The Stochastics value for MPB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for MPB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.55 | NEGATIVE | The low ADX value for MPB suggests a weak or negative trend. |
MPB Technicals: Chart, Performance Metrics, Trend & Indicators
31.21
-0.14 (-0.45%)
MID PENN BANCORP INC / MPB FAQ
What is the ChartMill technical rating of MID PENN BANCORP INC (MPB) stock?
ChartMill assigns a technical rating of 4 / 10 to MPB.
What is the trend direction for MPB stock?
The current trend direction for MID PENN BANCORP INC (MPB) is Bearish.
Can you provide the RSI signal for MID PENN BANCORP INC?
MID PENN BANCORP INC (MPB) has an RSI value of 38.2524. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MID PENN BANCORP INC?
The MACD indicator for MID PENN BANCORP INC (MPB) has a value of -0.224848, indicating a bearish trend.
Can you provide the support and resistance levels for MID PENN BANCORP INC?
MID PENN BANCORP INC (MPB) has a support level at 29.09 and a resistance level at 34.62. Check the full technical report for our detailed analysis of MPB support and resistance levels.