MERIDIAN CORP (MRBK) Stock Technical Analysis
NASDAQ:MRBK - Nasdaq - US58958P1049 - Common Stock - Currency: USD
Taking everything into account, MRBK scores 7 out of 10 in our technical rating. In the last year, MRBK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
In the last month MRBK has a been trading in the 11.16 - 14.33 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, MRBK turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
MRBK is an average performer in the Banks industry, it outperforms 47% of 394 stocks in the same industry.
MRBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRBK is lagging the market.
MRBK has an excellent technical rating, but the quality of the setup is only medium 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
11.58
14.69
When analyzing the support we notice one important area.
- Support @11.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.88 to 14.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.54 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 | UP | POSITIVE | The long term trend for MRBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRBK is up. |
| ChartMill Relative Strength | 66.53 | NEUTRAL | MRBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MRBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.15 | NEUTRAL | The RSI value for MRBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MRBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.4 | OVERBOUGHT | The high Stochastics value suggests MRBK may be overbought. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for MRBK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.94 | NEUTRAL | The ADX value for MRBK 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 |
|---|---|---|---|
| 14.15 | 13.83 | 0.32 (2.26%) | 25.00% |
| An entry @14.15. This is a Buy Stop order right above the resistance zone. | An exit @13.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 2.26%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MRBK. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:MRBK (7/15/2025, 10:29:29 AM)
13.88
-0.12 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.86%
1 Week0.14%
2 Weeks12.45%
1 Month7.61%
3 Month5.66%
6 Month-8.56%
12 Month21.11%
2 Year17.65%
3 Year-1.1%
5 Year86.42%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%3.95%
ATR Inc-31.81%
Range Today0.34
ADR(20)0.54
ADR(20)%3.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.53
Mansfield-0.51
10 Day High14.33
10 Day Low12.56
20 Day High14.33
20 Day Low11.16
52 Week High17.33
52 Week Low10.04
CS1 End13.88
CR1 Start14.01
Volume & EV
DER(3)1.73%
DER(5)1.4%
Volume6.34K
Volume Incr-45.64%
Vol(5)60.80K
Vol(50)67.95K