Taking everything into account, MSBI scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MSBI is only an average performer.
Although MSBI has an excellent technical rating, the quality of the presented setup is not ideal 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
16.01
When analyzing the support we notice one important area.
- Support @16.17 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.59 to 21.87. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MSBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSBI is up. |
| ChartMill Relative Strength | 54.81 | NEUTRAL | MSBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MSBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MSBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.52 | OVERBOUGHT | The high RSI value suggests MSBI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests MSBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.65 | OVERBOUGHT | The high Stochastics value suggests MSBI may be overbought. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for MSBI suggests some volalility. |
| Average Directional Index/ADX (14) | 49.4 | POSITIVE | The high ADX value value for MSBI suggests a strong trend. |
21.58
-0.29 (-1.33%)
MIDLAND STATES BANCORP INC / MSBI FAQ
Can you provide the ChartMill technical rating for MIDLAND STATES BANCORP INC?
ChartMill assigns a technical rating of 8 / 10 to MSBI.
What is the trend direction for MSBI stock?
The current trend direction for MIDLAND STATES BANCORP INC (MSBI) is Bullish.
What is the RSI signal for MIDLAND STATES BANCORP INC (MSBI) stock?
MIDLAND STATES BANCORP INC (MSBI) has an RSI value of 77.5219. This indicates that the stock is currently overbought.
What is the buy/sell signal for MIDLAND STATES BANCORP INC (MSBI) stock?
The buy/sell signal for MIDLAND STATES BANCORP INC (MSBI) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MIDLAND STATES BANCORP INC?
MIDLAND STATES BANCORP INC (MSBI) has a support level at 16.17 and a resistance level at 21.59. Check the full technical report for our detailed analysis of MSBI support and resistance levels.