MIDLAND STATES BANCORP INC (MSBI) Stock Technical Analysis
NASDAQ:MSBI - US5977421057 - Common Stock
17.27 USD
-0.08 (-0.46%)
17.27 USD
0 (0%)
Overall MSBI gets a technical rating of 0 out of 10. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MSBI is a bad performer in the overall market: 84% of all stocks are doing better.
MSBI is one of the lesser performing stocks in the Banks industry. 93% of 393 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 16.30 - 18.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MSBI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.79, a Stop Loss order could be placed below this zone.
More info and screens
16.12
27.98
We found 2 important support areas.
- A support zone ranging from 16.78 to 16.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 17.42 to 17.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for MSBI is down. |
| ChartMill Relative Strength | 16.33 | NEGATIVE | MSBI has a low relative strength, it was outperformed by 83.67% 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) | 44.52 | NEUTRAL | The RSI value for MSBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MSBI has a negative trend. |
| Stochastics (14,3) | 50.09 | NEUTRAL | The Stochastics value for MSBI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for MSBI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.92 | 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)
17.27
-0.08 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.46%
1 Week-3.9%
2 Weeks0.29%
1 Month-4.06%
3 Month1.77%
6 Month-9.96%
12 Month-25.08%
2 Year-22.21%
3 Year-31.17%
5 Year18.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%3.13%
ATR Inc-14.18%
Range Today0.26
ADR(20)0.53
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.33
Mansfield-2.18
10 Day High18.35
10 Day Low17.13
20 Day High18.35
20 Day Low16.3
52 Week High28.08
52 Week Low14.79
CS1 End16.79
CR1 Start17.42
Volume & EV
DER(3)-0.98%
DER(5)0.55%
Volume93.90K
Volume Incr29.7%
Vol(5)144.50K
Vol(50)127.93K