MIDLAND STATES BANCORP INC (MSBI) Stock Technical Analysis
USA - NASDAQ:MSBI - US5977421057 - Common Stock
16.45 USD
+0.62 (+3.92%)
16.45 USD
0 (0%)
We assign a technical rating of 0 out of 10 to MSBI. MSBI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
88% of all other stocks performed better in the past year than MSBI.
MSBI is one of the lesser performing stocks in the Banks industry. 93% of 391 stocks in the same industry do better.
MSBI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MSBI has a been trading in the 15.45 - 18.35 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
MSBI has a poor technical rating and the quality of the setup is also not perfect 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
16.29
27.98
We can see 4 important resistance areas.
- A resistance zone ranging from 17.50 to 17.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.18 to 18.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 18.67 to 18.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.70 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for MSBI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MSBI is down. |
| ChartMill Relative Strength | 12.74 | NEGATIVE | MSBI has a low relative strength, it was outperformed by 87.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MSBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MSBI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MSBI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.86 | NEUTRAL | The RSI value for MSBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MSBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.99 | NEUTRAL | The Stochastics value for MSBI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MSBI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.37 | NEGATIVE | The low ADX value for MSBI 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)
16.45
+0.62 (+3.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.92%
1 Week2.68%
2 Weeks-2.78%
1 Month-8.61%
3 Month-8.46%
6 Month-0.96%
12 Month-30.39%
2 Year-24.61%
3 Year-41.33%
5 Year10.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%3.04%
ATR Inc-15.52%
Range Today0.57
ADR(20)0.49
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.74
Mansfield-2.44
10 Day High17.18
10 Day Low15.45
20 Day High18.35
20 Day Low15.45
52 Week High28.08
52 Week Low14.79
CS1 EndN/A
CR1 Start17.5
Volume & EV
DER(3)-3.24%
DER(5)-2.49%
Volume206.10K
Volume Incr40.09%
Vol(5)185.00K
Vol(50)133.90K