MID PENN BANCORP INC (MPB) Stock Technical Analysis
USA - NASDAQ:MPB - US59540G1076 - Common Stock
28.83 USD
+0.03 (+0.1%)
28.83 USD
0 (0%)
We assign a technical rating of 2 out of 10 to MPB. In the last year, MPB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, MPB is a bad performer in the overall market: 74% of all stocks are doing better.
MPB is one of the lesser performing stocks in the Banks industry. 79% of 392 stocks in the same industry do better.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 27.81 - 31.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MPB is bad and it also does not present a 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
25.70
29.67
4 important support areas can be observed.
- Support @28.47 from a trend line in the daily time frame.
- Support @27.62 from a trend line in the daily time frame.
- Support @26.81 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.07 to 29.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 26.19 | NEGATIVE | MPB has a low relative strength, it was outperformed by 73.81% 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) | UP | MIXED | The current price of MPB is below 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) | 39.82 | NEUTRAL | The RSI value for MPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests MPB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.13 | NEUTRAL | The Stochastics value for MPB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MPB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for MPB suggests a weak or negative 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)
28.83
+0.03 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.1%
1 Week-1.91%
2 Weeks-8.01%
1 Month-4.6%
3 Month-4.6%
6 Month18.94%
12 Month-1.91%
2 Year51.26%
3 Year-15.65%
5 Year47.47%
10 Year83.28%
15 Year311.86%
Volatility
ATR(14)0.84
ATR(20)%2.45%
ATR Inc-44.98%
Range Today0.45
ADR(20)0.7
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.19
Mansfield-1.02
10 Day High31.29
10 Day Low27.81
20 Day High31.75
20 Day Low27.81
52 Week High33.87
52 Week Low22.5
CS1 End28.47
CR1 Start29.07
Volume & EV
DER(3)2.69%
DER(5)1.06%
Volume143.80K
Volume Incr15.27%
Vol(5)175.68K
Vol(50)132.21K