MVB FINANCIAL CORP (MVBF) Stock Technical Analysis
NASDAQ:MVBF - Nasdaq - US5538101024 - Common Stock - Currency: USD
Taking everything into account, MVBF scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MVBF has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
MVBF is part of the Banks industry. There are 395 other stocks in this industry. MVBF outperforms 73% of them.
Looking at the yearly performance, MVBF did better than 82% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MVBF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MVBF is lagging the market slightly.
In the last month MVBF has a been trading in the 18.80 - 21.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
MVBF has an excellent technical rating, but the quality of the setup is only medium 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
18.74
23.24
We found 2 important support areas.
- A support zone ranging from 19.74 to 20.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.93 to 19.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.60 to 20.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.01 from a trend 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 | UP | POSITIVE | The long term trend for MVBF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MVBF is up. |
| ChartMill Relative Strength | 82.75 | POSITIVE | MVBF has a high relative strength, it outperformed 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MVBF is above 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) | DOWN | MIXED | The current price of MVBF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.32 | NEUTRAL | The RSI value for MVBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MVBF has a positive trend. |
| Stochastics (14,3) | 63.06 | NEUTRAL | The Stochastics value for MVBF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for MVBF suggests some volalility. |
| Average Directional Index/ADX (14) | 32.46 | POSITIVE | The high ADX value value for MVBF suggests a strong 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)
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 |
|---|---|---|---|
| 20.61 | 19.73 | 0.88 (4.27%) | 23.42% |
| An entry @20.61. This is a Buy Stop order right above the resistance zone. | An exit @19.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.88 points, which is 4.27%. | For a 1.00% total portfolio risk, you can invest 23.42% of your capital in this trade. |
- 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.
20.59
+0.28 (+1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.38%
1 Week1.78%
2 Weeks7.18%
1 Month6.79%
3 Month18.74%
6 Month-3.11%
12 Month13.82%
2 Year-2.32%
3 Year-33.82%
5 Year54.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%2.51%
ATR Inc-14.03%
Range Today0.5
ADR(20)0.49
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.75
Mansfield0.09
10 Day High21.36
10 Day Low18.96
20 Day High21.36
20 Day Low18.8
52 Week High25.24
52 Week Low15.59
CS1 End20.11
CR1 Start20.6
Volume & EV
DER(3)5.04%
DER(5)2.72%
Volume51.50K
Volume Incr10.02%
Vol(5)45.78K
Vol(50)32.99K