MIDLAND STATES BANCORP INC (MSBI) Stock Technical Analysis
NASDAQ:MSBI • US5977421057
Overall MSBI gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month MSBI has a been trading in the 21.96 - 24.26 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- MSBI is one of the better performing stocks in the Banks industry, it outperforms 87% of 379 stocks in the same industry.
- MSBI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MSBI is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that MSBI is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although MSBI has an excellent technical rating, it does not present a decent entry opportunity 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
21.90
We found 1 important support area.
- A support zone ranging from 22.12 to 22.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.82 to 24.11. 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 | NEUTRAL | NEUTRAL | The short term trend for MSBI is neutral. |
| ChartMill Relative Strength | 82.06 | POSITIVE | MSBI has a high relative strength, it outperformed 82.06% 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) | UP | MIXED | The current price of MSBI is below 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) | 42.05 | NEUTRAL | The RSI value for MSBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests MSBI has a negative trend. |
| Stochastics (14,3) | 32.55 | NEUTRAL | The Stochastics value for MSBI is a neutral value. |
| 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) | 20.35 | NEUTRAL | The ADX value for MSBI suggests a possible start of a new trend. |
22.13
-0.9 (-3.91%)
MIDLAND STATES BANCORP INC / MSBI FAQ
Can you provide the ChartMill technical rating for MIDLAND STATES BANCORP INC?
ChartMill assigns a technical rating of 7 / 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 42.0545. 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 -0.184309, indicating a bearish trend.
What is the support and resistance level for MSBI stock?
MIDLAND STATES BANCORP INC (MSBI) has a support level at 22.12 and a resistance level at 23.82. Check the full technical report for our detailed analysis of MSBI support and resistance levels.