We assign a technical rating of 8 out of 10 to MRBK. Although MRBK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- MRBK is part of the Banks industry. There are 383 other stocks in this industry. MRBK outperforms 73% of them.
- MRBK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MRBK has a been trading in the 17.05 - 19.24 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that MRBK is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although MRBK has an excellent technical rating, it does not present a decent entry opportunity 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
12.89
We found 6 important support areas.
- A support zone ranging from 16.81 to 17.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.24 from a trend line in the weekly time frame.
- Support @15.66 from a trend line in the daily time frame.
- Support @14.17 from a horizontal line in the daily time frame.
- Support @13.83 from a horizontal line in the daily time frame.
- Support @13.02 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 | 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 | 79.58 | POSITIVE | MRBK has a high relative strength, it outperformed 79.58% off all stocks 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 | POSITIVE | The current price of MRBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.7 | NEUTRAL | The RSI value for MRBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MRBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.14 | OVERBOUGHT | The high Stochastics value suggests MRBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for MRBK suggests some volalility. |
| Average Directional Index/ADX (14) | 29.37 | POSITIVE | The high ADX value value for MRBK suggests a strong trend. |
18.31
-0.68 (-3.58%)
MERIDIAN CORP / MRBK FAQ
What is the technical rating for MRBK stock?
ChartMill assigns a technical rating of 8 / 10 to MRBK.
What is the current trend direction of MERIDIAN CORP (MRBK) stock?
The current trend direction for MERIDIAN CORP (MRBK) is Bullish.
Can you provide the RSI signal for MERIDIAN CORP?
MERIDIAN CORP (MRBK) has an RSI value of 59.695. This indicates that the stock is currently neutral.
What is the MACD signal for MRBK stock?
The MACD indicator for MERIDIAN CORP (MRBK) has a value of 0.0460581, indicating a bearish trend.
What is the support and resistance level for MRBK stock?
MERIDIAN CORP (MRBK) has a support level at 17.12. Check the full technical report for our detailed analysis of MRBK support and resistance levels.