Overall MSBI gets a technical rating of 8 out of 10. Although MSBI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, MSBI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 21.45, a Stop Loss order could be placed below this zone.
More info and screens
20.96
We found 1 important support area.
- A support zone ranging from 21.17 to 21.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @21.79 from a horizontal line in the weekly time frame.
- Resistance @22.16 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 MSBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSBI is up. |
| ChartMill Relative Strength | 74.81 | POSITIVE | MSBI has a high relative strength, it outperformed 74.81% off all stocks 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) | 67.91 | NEUTRAL | The RSI value for MSBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MSBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.39 | NEUTRAL | The Stochastics value for MSBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for MSBI suggests some volalility. |
| Average Directional Index/ADX (14) | 48.14 | POSITIVE | The high ADX value value for MSBI suggests a strong trend. |
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 |
|---|---|---|---|
| 21.80 | 21.16 | 0.64 (2.94%) | 25.00% |
| An entry @21.80. This is a Buy Stop order right above the resistance zone. | An exit @21.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.64 points, which is 2.94%. | For a 0.73% 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 MSBI. 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.
21.78
-0.38 (-1.71%)
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.
Can you provide the trend direction for MIDLAND STATES BANCORP INC?
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 67.9087. This indicates that the stock is currently neutral.
What is the MACD signal for MIDLAND STATES BANCORP INC (MSBI) stock?
The MACD indicator for MIDLAND STATES BANCORP INC (MSBI) has a value of -0.126908, indicating a bearish trend.
What is the support and resistance level for MSBI stock?
MIDLAND STATES BANCORP INC (MSBI) has a support level at 21.45 and a resistance level at 21.79. Check the full technical report for our detailed analysis of MSBI support and resistance levels.