MERIDIAN CORP (MRBK) Stock Technical Analysis
NASDAQ:MRBK - Nasdaq - US58958P1049 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to MRBK. Although MRBK has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, MRBK did better than 86% of all other stocks.
MRBK is part of the Banks industry. There are 396 other stocks in this industry. MRBK outperforms 74% of them.
In the last month MRBK has a been trading in the 13.11 - 14.64 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
MRBK 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 MRBK is lagging the market slightly.
Although the technical rating is only medium, MRBK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 14.01, a Stop Loss order could be placed below this zone.
More info and screens
12.53
17.26
When analyzing the support we can see 4 important areas.
- A support zone ranging from 13.75 to 14.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.30 from a trend line in the weekly time frame.
- Support @13.09 from a trend line in the daily time frame.
- A support zone ranging from 12.66 to 12.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @14.16 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.42 to 14.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 17.08 to 17.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.43
Mansfield0.15
10 Day High14.64
10 Day Low13.11
20 Day High14.64
20 Day Low13.11
52 Week High17.33
52 Week Low9.72
Performance
1 Week-0.35%
2 Weeks4.38%
1 Month7.24%
3 Month-9.81%
6 Month-9.23%
12 Month42.55%
2 Year45.95%
3 Year-10.52%
5 Year85.25%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.1
RSI(14)54.28
LBB12.98
UBB14.52
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 |
|---|---|---|---|
| 14.17 | 13.74 | 0.43 (3.03%) | 25.00% |
| An entry @14.17. This is a Buy Stop order right above the resistance zone. | An exit @13.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.43 points, which is 3.03%. | For a 0.76% 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.
14.07
-0.08 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.57%
1 Week-0.35%
2 Weeks4.38%
1 Month7.24%
3 Month-9.81%
6 Month-9.23%
12 Month42.55%
2 Year45.95%
3 Year-10.52%
5 Year85.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%3.9%
ATR Inc-4.24%
Range Today0.61
ADR(20)0.51
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.43
Mansfield0.15
10 Day High14.64
10 Day Low13.11
20 Day High14.64
20 Day Low13.11
52 Week High17.33
52 Week Low9.72
CS1 End14.01
CR1 Start14.16
Volume & EV
DER(3)-2.66%
DER(5)-2.61%
Volume33.00K
Volume Incr-44.47%
Vol(5)31.18K
Vol(50)55.06K