MVB FINANCIAL CORP (MVBF) Stock Technical Analysis
NASDAQ:MVBF • US5538101024
Taking everything into account, MVBF scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MVBF is showing a nice and steady performance.
- 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.
- When comparing the yearly performance of all stocks, we notice that MVBF is one of the better performing stocks in the market, outperforming 79% of all stocks.
- MVBF is one of the better performing stocks in the Banks industry, it outperforms 70% of 381 stocks in the same industry.
- MVBF 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 MVBF is lagging the market slightly.
- In the last month MVBF has a been trading in the 26.70 - 29.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MVBF has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 27.39, a Stop Loss order could be placed below this zone.
More info and screens
24.90
We found 2 important support areas.
- A support zone ranging from 26.74 to 27.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.15 to 25.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.29 to 28.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.40 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 MVBF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MVBF is neutral. |
| ChartMill Relative Strength | 79.64 | POSITIVE | MVBF has a high relative strength, it outperformed 79.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MVBF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MVBF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MVBF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.42 | NEUTRAL | The RSI value for MVBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MVBF has a negative trend. |
| Stochastics (14,3) | 42.91 | NEUTRAL | The Stochastics value for MVBF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for MVBF suggests some volalility. |
| Average Directional Index/ADX (14) | 18.09 | NEGATIVE | The low ADX value for MVBF suggests a weak or negative 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 |
|---|---|---|---|
| 28.91 | 27.19 | 1.72 (5.95%) | 16.81% |
| An entry @28.91. This is a Buy Stop order right above the resistance zone. | An exit @27.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.72 points, which is 5.95%. | When investing 16.81% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MVBF. 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.
27.48
-0.47 (-1.68%)
MVB FINANCIAL CORP / MVBF FAQ
Can you provide the ChartMill technical rating for MVB FINANCIAL CORP?
ChartMill assigns a technical rating of 8 / 10 to MVBF.
What is the trend direction for MVBF stock?
The current trend direction for MVB FINANCIAL CORP (MVBF) is Bullish.
What is the RSI signal for MVB FINANCIAL CORP (MVBF) stock?
MVB FINANCIAL CORP (MVBF) has an RSI value of 45.4243. This indicates that the stock is currently neutral.
What is the short term momentum for MVBF stock?
The short term momentum for MVB FINANCIAL CORP (MVBF) is neutral.
Can you provide the support and resistance levels for MVB FINANCIAL CORP?
MVB FINANCIAL CORP (MVBF) has a support level at 27.39 and a resistance level at 28.29. Check the full technical report for our detailed analysis of MVBF support and resistance levels.