MIDLAND STATES BANCORP INC (MSBI) Stock Technical Analysis
USA - NASDAQ:MSBI - US5977421057 - Common Stock
17.94 USD
+0.31 (+1.76%)
17.94 USD
0 (0%)
We assign a technical rating of 2 out of 10 to MSBI. MSBI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MSBI is a bad performer in the overall market: 80% of all stocks are doing better.
MSBI is part of the Banks industry. There are 392 other stocks in this industry, of which 90% are performing better than MSBI.
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 17.18 - 18.89 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, MSBI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 17.12, a Stop Loss order could be placed below this zone.
More info and screens
16.04
27.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.11 to 17.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.20 to 16.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 17.98 to 18.30. 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 18.71 to 19.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.38 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for MSBI is neutral. |
| ChartMill Relative Strength | 20.53 | NEGATIVE | MSBI has a low relative strength, it was outperformed by 79.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MSBI is below the rising 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) | 49.42 | NEUTRAL | The RSI value for MSBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MSBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.52 | OVERSOLD | The low Stochastics value suggests MSBI may be oversold. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for MSBI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.44 | 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)
17.94
+0.31 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.76%
1 Week0.39%
2 Weeks-2.02%
1 Month2.99%
3 Month9.79%
6 Month0.67%
12 Month-20.44%
2 Year-12.66%
3 Year-23.89%
5 Year39.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%2.69%
ATR Inc33.74%
Range Today0.75
ADR(20)0.48
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.53
Mansfield-1.95
10 Day High18.89
10 Day Low17.46
20 Day High18.89
20 Day Low17.18
52 Week High28.08
52 Week Low14.79
CS1 End17.12
CR1 Start17.98
Volume & EV
DER(3)-1.13%
DER(5)-2.59%
Volume199.50K
Volume Incr13.4%
Vol(5)140.84K
Vol(50)120.49K