MID PENN BANCORP INC (MPB) Stock Technical Analysis
NASDAQ:MPB - Nasdaq - US59540G1076 - Common Stock - Currency: USD
Overall MPB gets a technical rating of 7 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 part of the Banks industry. There are 395 other stocks in this industry. MPB outperforms 72% of them.
In the last month MPB has a been trading in the 25.82 - 29.59 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, which is what you like to see during a strong movement up.
Looking at the yearly performance, MPB did better than 83% of all other 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MPB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
25.27
29.78
We found 3 important support areas.
- A support zone ranging from 26.78 to 27.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.96 to 26.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.53 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for MPB is up. |
| ChartMill Relative Strength | 83.43 | POSITIVE | MPB has a high relative strength, it outperformed 83.43% 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) | UP | POSITIVE | The current price of MPB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.75 | OVERBOUGHT | The high RSI value suggests MPB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests MPB has a positive trend. |
| Stochastics (14,3) | 93.2 | OVERBOUGHT | The high Stochastics value suggests MPB may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for MPB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.99 | 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)
29.49
+0.39 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.34%
1 Week6.85%
2 Weeks11.66%
1 Month10.57%
3 Month21.66%
6 Month3.84%
12 Month38.84%
2 Year25.49%
3 Year2.82%
5 Year53.43%
10 Year80.37%
15 Year291.63%
Volatility
ATR(14)0.67
ATR(20)%2.18%
ATR Inc43.55%
Range Today0.55
ADR(20)0.62
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.43
Mansfield-0.37
10 Day High29.59
10 Day Low26.35
20 Day High29.59
20 Day Low25.82
52 Week High33.87
52 Week Low21.16
CS1 End28.17
CR1 Start29.27
Volume & EV
DER(3)5.38%
DER(5)3.72%
Volume110.40K
Volume Incr108.32%
Vol(5)153.68K
Vol(50)107.38K